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What is a pumping loss?
Wage and Tax Statement
A document provided by employers to employees detailing the employee's earnings and taxes withheld during the year; commonly referred to as a W-2 form.
Employee's Earnings Record
A detailed record maintained by employers that tracks the wages or salaries earned by each employee over time, including taxes and deductions.
Payroll Register
A document listing each employee’s pay details for each payroll period, including wages, deductions, and net pay.
FICA Tax
Federal Insurance Contributions Act tax; a U.S. federal payroll tax that funds Social Security and Medicare.
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