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Employee Benefits Expense
Costs incurred by employers to provide benefits to employees, such as health insurance, pensions, and paid leave, beyond regular wages or salaries.
FICA Tax
Federal insurance contributions tax; a U.S. federal payroll tax imposed on both employees and employers to fund Social Security and Medicare.
FUTA Tax
The Federal Unemployment Tax Act tax, which employers pay to fund state workforce agencies.
SUTA Tax
State Unemployment Tax Act tax, a payroll tax that employers must pay to fund the government unemployment insurance program.
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