Examlex
In the accompanying image of Microsoft Excel 2016, box "A" points to the _____.
FICA-OASDI
Federal Insurance Contributions Act - Old Age, Survivors, and Disability Insurance; a U.S. payroll tax that funds Social Security benefits.
Federal Income Tax
A charge imposed by the national government on the yearly income of persons, businesses, trusts, and other legal bodies.
FICA-OASDI
Refers to the Social Security portion of the Federal Insurance Contributions Act tax, funding retirement, disability, and survivor benefits.
FUTA
The Federal Unemployment Tax Act, legislation that imposes a payroll tax on businesses to fund state workforce agencies.
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