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Omicore Softworks, a software development firm, undertook a project that involved developing a bespoke accounting software for a firm. The project initiated with the project manager spending some time to identify the correct resources. Once this was done, the process of writing the program began. Most of the time was spent on debugging and ensuring that the software worked to the client's specification. The project in this scenario has a(n) _____.
FICA Tax
A United States federal payroll tax that funds Social Security and Medicare, contributions are made by both employees and employers.
Social Security
A government system that offers financial assistance to people in the form of retirement benefits, disability income, and other payments.
Medicare
A federal health insurance program in the United States for people aged 65 and over, as well as for some younger people with disabilities.
Payroll Deductions
Amounts subtracted from an employee's gross salary for taxes, insurance premiums, benefits, and other payroll-related charges.
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