Examlex
List the seven major elements of a formal research report.
FICA Tax Rates
The percentage rates set by law that determine the amount of Social Security and Medicare taxes that must be withheld from employees' paychecks and matched by employers.
Employer's Taxes
Taxes that employers are required to pay on behalf of their employees, such as social security and Medicare taxes in the United States.
Gross Pay
The total amount of money earned by an employee before any deductions or taxes are taken out.
Net Pay
Gross earnings, less deductions. Net pay, or take-home pay, is what the worker actually takes home.
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