Examlex
From a macro-level perspective ______.
FICA Withholding
The process of automatically deducting Social Security and Medicare taxes from an employee's paycheck, contributing to their future benefits.
FICA Tax
Taxes under the Federal Insurance Contributions Act, funding Social Security and Medicare, paid by both employees and employers.
Electronically
The process of sending or processing information using electronic systems or devices.
Form 4419
A form used by businesses to apply for authorization to transmit tax returns electronically to the IRS.
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