Examlex
A merchandiser has a merchandise purchases budget rather than a production budget.
Nontaxable
Income or transactions that are not subject to taxation by government authorities.
FICA-OASDI
The part of the U.S. payroll tax that funds the Social Security program, officially called Old Age, Survivors, and Disability Insurance.
FICA-Medicare
Part of the U.S. payroll tax that funds Medicare, providing health insurance to individuals aged 65 and over, and to certain younger people with disabilities.
Federal Income Tax
An annual financial obligation placed on individuals, companies, trusts, and various legal entities by the central government.
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