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The last task to be done in the planning cycle is to identify a vision.
Deductions
Amounts that are subtracted from an individual's gross income to reduce the income subject to tax, including various expenses, contributions, and allowances.
Employee Payroll
The total amount due to employees for the work they’ve done, including wages, salaries, and bonuses.
Interest Expense
The cost incurred by an entity for borrowed funds, reflecting the interest payments on debt.
Note Payable
A written promise to pay a specific amount of money, usually with interest, by a certain date, representing a form of debt.
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