Examlex
What is the correct definition of a PCI?
Employer's Portion
The part of employment taxes and benefits that the employer is responsible for paying, separate from employee withholdings.
Taxes
Mandatory financial contributions imposed by a government on individuals, corporations, and other entities to fund public expenditures.
FICA
FICA stands for the Federal Insurance Contributions Act and refers to the taxes collected to fund Social Security and Medicare programs in the United States.
SUTA
A state-level tax paid by employers to fund the state’s unemployment insurance program.
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