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FICA Tax Rate
The percentage of social security and Medicare taxes that both employees and employers must pay, based on wages paid.
Wage Bracket
A range or category of income levels used to calculate tax withholdings or determine pay scales based on earnings.
Withholding Table
A chart or table used by employers to determine the amount of tax to withhold from an employee's paycheck based on earnings and tax status.
Interest-Bearing Note
A debt instrument that pays interest to the holder at a fixed or variable rate over a specified period.
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