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The Employee Retention Credit (ERC) is a U.S. federal tax credit for certain employers affected by the COVID-19 pandemic. It was available from March 2020 to September 2021, and it was based on qualified wages paid to eligible employees.
The Paycheck Protection Program (PPP) is a $953-billion business loan program in the U.S. to help certain entities pay their workers during the COVID-19 pandemic. The loan may be partially or fully forgiven if the entity maintains its employee counts and wages, and the program was implemented by the Small Business Administration.
Learn about the trust funds that provide for payment of Social Security benefits in the U.S. and their structure, governance, history, and projections. As of 2021, the Trust Fund contained $2.908 trillion and is expected to run a deficit by 2035.
Learn about the history, functions, and dividends of EPF, a federal statutory body that manages the compulsory savings plan and retirement planning for private sector workers in Malaysia. EPF has 13.6 million members and RM 998 billion in assets as of 2020.
AOL.com is a web portal that offers a variety of content and services, including news, politics, sports, mail, business, personal finance, animals, entertainment, shopping, food and health. You can also access your AOL account, watch videos, check the weather and see the latest headlines.
A 401 (k) plan is a personal retirement account that allows employees to contribute pre-tax or after-tax income to their retirement savings. Learn about the history, taxation, types, and rules of 401 (k) plans in the United States.
The CARES Act created the $349-billion Paycheck Protection Program, which provided low-interest loans to small businesses that were forgivable if they maintained their employees and payroll. The $349 billion was fully allocated within 13 days.
ARPA is the acronym for the COVID-19 Stimulus Package or American Rescue Plan, a US$1.9 trillion economic relief bill passed by Congress and signed by President Biden in March 2021. The act provides direct payments, unemployment benefits, school aid, vaccine distribution, and other measures to combat the pandemic and recession.
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