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The table below shows hypothetical per-minute cell phone charges for "pay-and-talk" service over several years.
TABLE 2-2
-Refer to Table 2-2.Assume that 2008 is used as the base year,with the index number = 100.The value of the index number in 2011 is calculated as follows:
Employment
A relationship between an employer and an employee where the employee provides labor in exchange for compensation under agreed terms.
Warranty Expense
Costs anticipated by a company for the repair or replacement of defective products during the warranty period, treated as a liability until used.
Estimated Cost
A projection or forecast of the total costs associated with completing a project, manufacturing a product, or providing a service.
FICA Taxes
Taxes imposed on both employees and employers to fund Social Security and Medicare in the United States.
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