Examlex
Match each term with its description.
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FICA Tax
Federal Insurance Contributions Act tax, a United States federal payroll tax imposed on both employees and employers to fund Social Security and Medicare.
Federal Unemployment Tax
A tax paid by employers to fund the unemployment compensation program for laid-off workers.
State Unemployment Tax
A tax that employers pay to fund the unemployment benefits provided to workers who have lost their jobs.
Interest-Bearing Note
A promissory note or loan that accrues interest over time, requiring the borrower to pay back the principal amount plus interest.
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