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Tax Liability
The total amount of tax that an individual or entity is legally obligated to pay to a tax authority.
Semiweekly Schedule Depositor
A tax deposit schedule required for employers who accumulate a certain amount of tax liability within a specific timeframe, mandating deposits to be made semi-weekly.
Federal Income Tax
Federal income tax is a tax levied by the IRS on the annual earnings of individuals, corporations, trusts, and other legal entities.
Wage Bracket Table
A chart used in the calculation of payroll taxes, indicating the amount of tax to be withheld based on the employee's earnings and tax status.
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