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Federal Income Tax
Tax levied by the national government on an individual's or corporation's annual income.
Gross Earnings
The total amount of money earned by an individual or company before any deductions or taxes are taken out.
Withholding Allowance
A deduction that employees can claim to reduce the amount of their income that is subject to federal income tax withholding.
Gross Earnings
The total amount of income earned by an individual or a business before any deductions like taxes, benefits, and other adjustments.
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