Examlex
Although planning involves determining how the various supply chain processes (sourcing, making, delivering, and returning) will be met, planning itself is not considered a supply chain process.
Pension Plan
A retirement plan funded by an employer, offering income to employees after they retire.
Product Warranty Expense
The cost associated with the obligation of a company to repair or replace defective products sold to customers, recognized as a liability.
Social Security Tax Rate
The Social Security tax rate is a percentage of income that is taxed to fund the Social Security program, paid by both employees and employers.
Medicare Tax Rate
The percentage of an employee's earnings that is withheld by the employer to contribute to the U.S. Medicare program, which provides health insurance to eligible individuals.
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