Examlex
The last step in the data analysis procedure is:
Federal Income Tax
The tax imposed by the U.S. government on the income generated by businesses and individuals within its jurisdiction.
Gross Earnings
The total amount of money earned by an individual or company before any deductions or taxes are applied.
Medicare Withholding
The portion of an employee's paycheck that is deducted to contribute to the Medicare program, which provides health insurance to individuals who are over 65 or meet other specific criteria.
Social Security Withholding
The portion of an employee's wage that is deducted and sent to the government to fund Social Security benefits.
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