Examlex
Dr. Vargas can remember hundreds of students' names from his twenty-five years of teaching but has difficulty remembering the new password for his email. This is one illustration of
FICA
The Federal Insurance Contributions Act (FICA) is a U.S. law that mandates a payroll tax on both employees and employers to fund Social Security and Medicare programs.
Social Security
A government program that provides financial benefits to retirees, disabled workers, and their families.
Current Liability
A company's debts or obligations that are due within one year or within the normal operating cycle.
Accounts Payable
Liabilities or amounts owed by a company to suppliers or creditors for goods and services received but not yet paid for.
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