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Withholding Allowance
A determination for the amount of an employee's pay that should not be subject to income tax withholding, directly affecting their take-home pay.
FICA Tax
Federal Insurance Contributions Act tax, which is a United States federal payroll tax imposed on both employees and employers to fund Social Security and Medicare.
Federal Income Tax
A tax levied by the U.S. federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.
Medical Insurance
An insurance policy that covers the cost of medical and surgical treatments for the policyholder.
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