Examlex
Legacy systems and third party applications can be linked to ERP systems through the GUI.
FICA-Medicare
The part of FICA taxes that is specifically allocated to fund Medicare, the U.S. government's health insurance program for the elderly and some disabled individuals.
Overtime
Additional hours worked by an employee beyond their standard working hours, often compensated at a higher rate.
FICA-OASDI Payable
The amount owed by employers and employees for Social Security taxes, as mandated by the Federal Insurance Contributions Act (FICA), specifically for Old Age, Survivors, and Disability Insurance (OASDI).
FICA-Medicare Payable
This refers to the portion of FICA taxes collected from employees' wages and salaries that is allocated to cover Medicare expenses, a mandatory financial obligation for employers.
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