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Withholding Allowances
Claims made on an employee's W-4 form that determine the amount of federal income tax withheld from their paycheck.
Gross Wages
Gross wages are the total earnings of an employee before any deductions like taxes, retirement contributions, and health insurance premiums are made.
Form 4070
A form used by employees to report their tips to their employer.
FICA Withholding
The process of deducting Social Security and Medicare taxes from employees' paychecks, as mandated by the Federal Insurance Contributions Act.
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