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Under the Missouri Compromise of 1820,
Employer Payroll Taxes
Taxes that employers are required to pay on behalf of their employees, including Social Security and Medicare taxes, federal and state unemployment insurance.
Note Payable
A documented commitment to repay a certain sum of money, typically including interest, at a predetermined time in the future.
Cash Payment
This refers to a transaction where a payment for goods or services is made using cash or cash equivalents rather than credit.
FICA-Social Security
A U.S. government program funded by payroll taxes, providing benefits to retirees, disabled individuals, and survivors of deceased workers.
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