Examlex
The extent to which the contributions made by an individual match the inducements offered by the organization is referred to as the
Withholding Allowances
Allowances claimed on employment forms determining the amount of federal income tax withheld from a paycheck.
Federal Withholding
The portion of an employee's wages that is withheld by the employer for the purpose of paying federal income taxes.
Supplemental Wages
Additional compensation received beyond one's regular wages, such as bonuses, commissions, or overtime pay, often subject to different tax withholding rates.
FICA Taxes
Taxes levied on both employees and employers to fund Social Security and Medicare.
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