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Payroll Register
A detailed record of each employee's wages, deductions, and net pay for a certain period.
Net Pay
The amount of money an employee receives after deductions such as taxes and retirement fund contributions are taken out of their gross salary.
FICA Tax Rate
The combined rate for Social Security and Medicare taxes that both employers and employees pay, based on a percentage of employees' wages.
Unemployment Taxes
Taxes that employers are required to pay to the government, which are used to fund unemployment benefits for workers who have lost their jobs.
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