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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.
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.
FICA stands for Federal Insurance Contributions Act, a tax that funds federal programs for retirees, people with disabilities, and children of deceased workers. FICA applies to earned income only and is paid by both employees and employers, with different rates and limits depending on the type of income and the year.
CHICAGO (Reuters) -American Airlines is beginning the phased return of furloughed workers after the U.S. Congress passed a pandemic aid package with $15 billion in payroll support for airlines ...
AOL Mail offers secure and personalized email with features like AOL Mail, news, and weather for free. You can also access your email on the go with an iOS & Android app and get help from experts.
The CARES Act is a $2.2 trillion economic relief package passed by the US Congress in March 2020 to address the economic fallout of the COVID-19 pandemic. It includes direct payments, unemployment benefits, loans, and aid to businesses and state and local governments.
PSLF is a US program that forgives federal student loans for public service workers after 120 payments. Learn about the eligibility, repayment plans, problems and proposals of this controversial policy.
A tax is a mandatory financial charge or levy imposed by a governmental organization to fund public spending or regulate negative externalities. Learn about the legal and economic definitions of taxes, the different types of taxes, the purposes and effects of taxation, and the history and debates of taxation.
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