Examlex
In the figure above, the information identified as item 1 is most likely found in which report section?
Federal Income Tax
This is a tax levied by the United States Internal Revenue Service on the annual earnings of individuals, corporations, trusts, and other legal entities.
Social Security Tax
A tax that funds the Social Security program, typically collected as part of the FICA tax.
Medicare Tax
A federal tax that finances the Medicare program, split equally between employers and employees, based on a fixed percentage of an individual’s earnings.
Social Security
A government program that provides financial support to people who are retired, disabled, or survivors of deceased workers.
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