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Determine whether the equation is an identity, a conditional equation, or an inconsistent equation.
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FICA Taxes
Federal taxes in the United States collected to fund Social Security and Medicare, required deductions from employees’ paychecks.
Quarterly Federal Tax Return
A tax document filed four times a year by employers to report their employee's wages and the federal income and FICA taxes withheld.
FUTA Tax Return
A federal tax form required from employers to report and pay unemployment taxes to the Internal Revenue Service, associated with the Federal Unemployment Tax Act.
Wage And Tax Statement
A form, typically referred to as a W-2 form in the United States, that employers provide to employees detailing the employee's annual wages and the amount of taxes withheld from their paycheck.
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