Dry-Hole Contribution

Science / Geology / Dry-Hole Contribution: A payment made to the owner of an unsuccessful well in exchange for a log of the well and evaluation data.

Federal Insurance Contributions Act (FICA)

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

Expected Family Contribution

Life Style / College / Expected Family Contribution: The amount of money a student and his or her family can contribute toward college costs. The student's FAFSA and/or the colleges' financial aid form determine this. MORE

Excess Contribution

Business / Taxes / Excess Contribution: An excess contribution occurs when the salary deferrals or matching contributions of highly compensated employees are higher than the amounts permitted by federal law. If that happens, the company mus MORE

Matching Contribution

Business / Taxes / Matching Contribution: A matching contribution is money your employer adds to your salary reduction retirement savings account, such as a 401(k). It's usually a percentage of the amount you contribute up to a cap that the e MORE

Post- Tax Contributions

Business / Human Resources (HR) / Post- Tax Contributions: Contributions made to a benefit plan that are subject to applicable state or federal tax withholding requirements. MORE

Pretax Contribution

Business / Taxes / Pretax Contribution: A pretax contribution is money that you agree to have subtracted from your salary and put into a retirement savings plan or other employer sponsored benefit plan. Your taxable earnings are reduced by MORE

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