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An ideal performance management system is correctable.What does this mean?
FICA Taxes
Taxes mandated by the Federal Insurance Contributions Act, which fund Social Security and Medicare, collected from both employers and employees.
FUTA Taxes
Federal Unemployment Tax Act taxes, which are payroll taxes paid by employers to fund the government’s unemployment benefits.
SUTA Taxes
State Unemployment Tax Act taxes, which are state unemployment insurance contributions that employers must pay to provide unemployment benefits to workers who have been laid off.
Gross Pay
The total amount of salary or wages earned by an employee before any deductions are made.
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