Examlex
Exchange between the two main subdivisions of ECF occurs primarily at the
FICA Tax
Federal Insurance Contributions Act tax used to finance federal programs for old-age and disability benefits (social security) and health insurance for the aged (Medicare).
Payroll Tax
Taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.
Interest-Bearing Note
A debt security that pays interest to the holder, typically at a fixed rate, until maturity.
Deducts
Refers to the act of subtracting an amount from a total, often used in accounting and finance to calculate net values.
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