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Federal Income Tax
A tax levied by the United States government on the annual earnings of individuals, corporations, trusts, and other legal entities.
Gross Earnings
The total amount of money earned by an individual or corporation before any deductions are taken out.
Medicare Withholding
The portion of a U.S. employee's paycheck that is automatically deducted and contributed to the Medicare program.
Social Security Withholding
The process by which employers deduct a portion of an employee's salary to contribute to the Social Security program.
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