Examlex
Which statement is NOT correct about PTH?
Social Security Limit
The maximum amount of earnings on which Social Security payroll taxes are levied, also affecting the amount that can be received as Social Security benefits.
AGI
Adjusted Gross Income is your gross income minus allowable deductions, used to determine your taxable income on your federal income tax return.
Estimated Taxes
Periodic advance payments of taxes on income that is not subject to withholding, such as earnings from self-employment, interest, dividends, and rental income.
FUTA Tax
Federal Unemployment Tax Act tax, a payroll or employment tax paid by employers to fund state workforce agencies.
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