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FICA Tax
A United States federal payroll tax imposed on both employees and employers to fund Social Security and Medicare.
Federal Government
The national government of a federated state, which holds the authority to govern the entire country.
Employee's Payroll
The total amount of wages, salaries, and other earnings paid to employees by a company during a specific period, including deductions for taxes and other withholdings.
Payroll Bank Account
A dedicated bank account used by businesses to manage and process employee payrolls, ensuring funds are available for direct deposits and payroll checks.
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