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What is the relationship between changes in interest rates and changes in value of an Interest Only (IO) strip?
FICA Taxes
Taxes collected under the Federal Insurance Contributions Act to fund Social Security and Medicare, required deductions from workers' paychecks.
Schedule H
Schedule H is a tax form used by household employers to report wages paid to household employees, such as nannies or housekeepers, and calculate Social Security, Medicare, and FUTA taxes.
Household Worker
An employee who performs domestic services in a private home, such as a nanny, maid, or gardener.
Form 1040
The official form provided by the Internal Revenue Service (IRS) that people use to submit their yearly income tax returns.
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