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Late in the day on September 11, 2001, the day of the World Trade Center attacks, customers purchased all the American flags Walmart stores had available, nationwide. These purchases exemplified displays of
FUTA Payable
A federal tax liability owed by employers to fund the unemployment benefits system.
FICA-OASDI
Represents the Federal Insurance Contributions Act's Old-Age, Survivors, and Disability Insurance, a U.S. payroll tax that funds Social Security.
FICA-Medicare
The portion of the Federal Insurance Contributions Act tax that is allocated to Medicare, funding hospital insurance benefits for individuals who are elderly or disabled.
Payroll Register
A document that records detailed information about the compensation paid to employees, including wages, deductions, and net pay.
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