Social Security Rate Definition The social security rate definition is a tax taken out of employees and employers salaries and wages. This tax goes towards the social security program in the United States. The founders built this program to provide benefits to eligible retired persons. Social Security Tax Rate Meaning The current social security tax
See Also: Payroll Accounting Social Security Rate Direct Labor PEO Arrangement Compared to Outsourcing Payroll Direct Labor Federal Unemployment Tax Act (FUTA) Definition The Federal Unemployment Tax Act (FUTA), defined as a tax that an employer alone must pay. Although the employer pays this tax, it is based solely on the amount of work and
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