A(n) ____________________ Is When There Is a High Rate of Current

question 18

Short Answer

A(n) ____________________ is when there is a high rate of current for a short period.

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Definitions:

FICA

The Federal Insurance Contributions Act; it mandates a payroll tax equally shared between employees and employers to fund Social Security and Medicare.

Time Tracking Preferences

Customizable options in time-tracking software that allow users to configure how time is recorded, categorized, and reported.

Form W-2

An official document issued by employers in the United States to report an employee's annual wages and the amount of taxes withheld from their paycheck.

Form 1099-MISC

Form 1099-MISC is a document used in the U.S. to report payments made to freelancers, independent contractors, and other non-employee services.