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FICA Taxes
Taxes imposed on both employees and employers to fund Social Security and Medicare, based on a percentage of earned wages.
Payroll Tax Expense
Payroll tax expense includes taxes imposed on employers or employees, and is based on the wages, salaries, and tips paid to the employees.
State Unemployment Taxes
Taxes imposed by state governments on employers to fund unemployment insurance benefits for laid-off workers.
Hourly Wage Rate
The amount of money paid for each hour of work performed.
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