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Discuss the tax year in which an AMT adjustment is first required for an incentive stock option (ISO).
Federal Income Tax
Government-imposed earnings tax for entities operating within the United States, calculated based on income brackets.
Pay Period
Pay period refers to the recurring length of time over which employee wages are calculated and distributed, such as weekly, bi-weekly, or monthly.
FICA Taxes
Taxes imposed by the Federal Insurance Contributions Act, which fund Social Security and Medicare, required to be withheld from employees' paychecks and matched by employers.
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