For Companies That Decide to Buy or Lease an EC

question 83

Essay

For companies that decide to buy or lease an EC application,briefly explain what system performance criteria need to be considered.

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Definitions:

State Unemployment Contributions

Taxes paid by employers to state government funds for unemployment compensation programs.

Percentage Method

A way of calculating withholding taxes on an employee's pay by using percentages defined by tax tables based on the employee's earnings and filing status.

Federal Withholding

The process by which an employer deducts a portion of an employee's income and pays it directly to the government as an advance payment of the employee's tax liability.

FICA

Federal Insurance Contributions Act, the U.S. law that requires a payroll tax on both employees and employers to fund Social Security and Medicare.