Examlex
The extent to which the items or elements upon which work is performed or the work processes themselves are interrelated best defines
FICA Taxes
Federal Insurance Contributions Act taxes, funding Social Security and Medicare, deducted from employee paychecks and matched by employers.
Federal Income Tax
A tax levied by the U.S. federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.
Tax Liability
The total amount of tax owed by an individual, corporation, or other entity to a taxing authority, such as the federal government.
Semimonthly Payroll
A payroll schedule where employees are paid twice a month, often at the middle and end.
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