Examlex
The ____ function multiples values in the specified cells.
Federal Income Tax Withholding
The process by which an employer deducts a portion of an employee's income and pays it directly to the government, as a prepayment of the employee's federal income tax.
Net Pay
The amount of a person's paycheck after deductions, such as taxes and retirement contributions, have been removed.
FICA Tax
A U.S. federal payroll tax known as the Federal Insurance Contributions Act tax, which finances Social Security and Medicare benefits.
Federal Income Tax
A charge imposed by the federal government of the United States on the yearly income of individuals, corporations, trusts, and various legal entities.
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