Business / Human Resources (HR) / Self-Employed: An individual who has earned income for the current or preceding year from self-employment, within the meaning of I.R.C. ?§401(c) (2), or an individual who would have had such income, except for the fact that the relevant business did not incur a profit for the year.
Business / Finance / Self-Employed Income: Taxable income of a person involved in a sole proprietorship or other sort of free-lance work. MORE
Business / Taxes / Federal Insurance Contributions Act (FICA): The Federal Insurance Contribution Act (FICA) is the federal law that requires employers to withhold 6.2% from their employees' paychecks, up to an annual earnings cap. Employers must match employee w MORE
Business / Finance / Money Purchase Plan: A defined benefit contribution plan in which the participant contributes some part and the firm contributes at the same or a different rate. Also called an individual account plan. MORE
Business / Taxes / Preapproval: When you’re preapproved for a mortgage, the lender guarantees in advance the maximum you can borrow, provided your financial situation doesn’t change before you find a home. You’ll need to fill MORE
Health / Dentistry / Employee Retirement Income Security Act (ERISA): Federal legislation that applies to retirement programs and to employee welfare benefit programs established or maintained by employers and unions. MORE