We break down payroll’s complex terms from A to Z for easy understanding.

FLSA Duties Test: Definition and ExplanationThe FLSA duties test is used to evaluate whether an employee qualifies for exemption from minimum wage and overtime rules under the Fair Labor Standards

Floating Holiday: Meaning and OverviewA floating holiday refers to a type of paid time off that employees can use at their discretion, typically for personal reasons or to observe a

Flexible Spending Arrangement (FSA): Definition and OverviewA Flexible Spending Arrangement (FSA) is a tax-advantaged benefit program sponsored by employers that allows employees to contribute pre-tax dollars toward eligible medical-related expenses.

FICA: Definition and ExplanationFICA, short for the Federal Insurance Contributions Act, is a mandatory U.S. payroll tax that helps fund Social Security and Medicare programs. This tax is shared between