Examlex
What is privacy? Why is it difficult to enforce privacy regulations?
Wage Base Limit
Wage base limit refers to the maximum income on which an individual is required to pay Social Security taxes in a given year.
FICA-Medicare
A component of FICA taxes, withheld from employee wages and matched by employers, to fund the Medicare health insurance program.
FICA-OASDI
Tax contributions made by both employees and employers to fund the Social Security program, covering retirement, disability, and survivorship benefits under the Federal Insurance Contributions Act.
FICA Tax Rate
The combined rate for Social Security and Medicare taxes that employers and employees must pay on wages.
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