Examlex
The project completion report will include all of the following except:
Underpayment Penalty
A penalty charged by tax authorities for failing to pay enough of one's total tax liability by the tax deadline, often calculated as a percentage of the unpaid tax.
Adjusted Gross Income
Gross income minus adjustments, used as a base for calculating taxable income and determining eligibility for certain tax deductions and credits.
Social Security Taxes
Taxes paid by workers and employers to fund the Social Security program, which provides retirement, disability, and survivorship benefits.
Medicare Taxes
Taxes withheld from pay or paid on profits that contribute to the Medicare program, providing health insurance for individuals over 65.
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