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What Is FICA?

The Federal Insurance Contribution Act (FICA) mandates that money needs to be collected from employers and employees and held in a special Social Security Trust Fund. It is necessary for every employee to pay a certain percentage of their wages (usually 12.5%) to go to this fund and that same amount of money is also required from the employer. This scheme has been in operation in the United States since 1935 when it was introduced by President Franklin D. Roosevelt as part of the Social Securities Act.

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What is Poverty?

Most of us probably think that we have a good idea of what the word ‘poverty’ means. If we really think about it though we may find that our understanding isn’t as clear as we might have first thought. What actually defines people as living in poverty? Is it not having enough to eat? Do we mean people that can’t afford health insurance? Is somebody who doesn’t have their own motorized transport to be considered poor? What about people who have plenty to eat but don’t own their own home? Is lack of opportunity a form of poverty? The more we try to define poverty the harder it can be to decide what it actually refers to.

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Top 6 Best Business Management Books Reviewed

The good news is that if you are interested in business management there will be plenty of good books available to provide the information you need. The fact that there is such a huge appetite for this type of book means that there are always great new titles appearing. We are also fortunate because most of the brightest business minds in the world have already put their ideas into print. Here are just some of the best business management books you will find today.

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What are Fringe Benefits?

Fringe benefits are something that is often talked about, but some of us may be less certain about what this actually means. A fringe benefit describes any type of compensation that is not part of your wage. These fringe benefits can be what makes the same type of employment at one company appear more attractive than at another company. Most jobs will have at least some type of fringe benefits but there will be a great variation in what is on offer. It is a good idea for job seekers to consider fringe benefits as well as the salary when considering any position. There might be an employment opportunity that doesn’t offer such a great salary, but the fringe benefits that come along with it make it an attractive proposition.

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What is a ‘Pay As You Go’ Cell Phone Plan?

When it comes to cell phone plans you have a number of options. If you are currently considering changing your phone plan then it makes a lot of sense to check out what is available. One of the more popular plans available is ‘pay as you go’ and this is certainly something that is worth considering – although it probably won’t be the best option for everyone.

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What is Fraud?

What is fraud? You might think the answer to this is obvious, but the fact that some people seem to be able to get away with what others might consider fraud shows that it isn’t so straightforward. If we hope to be able to deal with fraud effectively it is important that we have a good definition of what this actually is.

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How Should I Write a Business Letter?

Writing a business letter is not the same as putting together something less formal. There are certain types of expectations when you send this type of communication; if you fail to live up to these it will reflect badly on you and your business. Once you become familiar with the style and format of a business letter they are relatively straightforward, but there is a bit of learning before you reach this point.

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What is a Capital Expenditure?

Within business the term ‘capital expenditure’ is often used; you might also see it written as CAPEX, or investment expenditure. When we talk about capital expenditure we are referring to those investments that will produce rewards at some time in the future. This investment could occur in any number of ways such as buying new equipment for a factory or developing current resources. It is usual to view capital expenditure as those investments that will provide a return for longer than just one year.

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