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Federal Unemployment Taxes
Taxes imposed by the federal government on employers to fund unemployment benefits for workers who have lost their jobs.
Gross Earnings
The total income earned by a company before deductions such as taxes and expenses.
Overtime Pay
Additional compensation paid to employees who work beyond the standard hours set by the company's policy or by law.
FICA Tax Rate
The combined rate for Social Security and Medicare taxes in the United States, paid by both employees and employers.
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