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Every time Bert slices onions, the onions burn his eyes and tears run down his face. One day he opened the silverware drawer and pulled out the knife that he uses only to peel onions and immediately started to shed tears from the sight of the knife. In this situation, the onion is the __________, and the knife is the __________.
FICA Tax
A federal payroll tax that funds Social Security and Medicare, evenly split between employers and employees.
Medicare
A federal health insurance program in the United States for people aged 65 and older, and for some younger people with disabilities.
Federal Income Tax
A tax by the U.S. federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.
Net Pay
The amount of money an employee receives after all deductions, such as taxes and retirement contributions, are subtracted from their gross pay.
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