Zip code 94403 is primarily located in San Mateo County. The official postal service name used for 94403 is SAN MATEO, California. Portions of the 94403 zip code are contained within or border the city limits of San Mateo, CA, Belmont, CA, and Foster City, CA. The 94403 area code is 650.
DEFINITION of 'Participation Rate'. A measure of the active portion of an economy's labor force. The participation rate refers to the number of people who are either employed or are actively looking for work.he number of people who are no longer actively searching for work would not be included in the participation rate. During an economic recession, many workers often get discouraged and stop looking for employment, as a result, the participation rate decreases.
DEFINITION of 'Material Participation Test'. A set of criteria that determines whether a taxpayer is a material participant in a business venture.The material participation test will determine whether business income received by the taxpayer is active or passive.According to the IRS, if the taxpayer participates in a business activity on a regular, continuous and substantial basis, then the taxpayer materially participates in the business.Next Up.EFINITION of 'Material Participation Test'. A set of criteria that determines whether a taxpayer is a material participant in a business venture.