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Most of the time, people tend to ____ when they are successful (e.g., when they win a tennis match) and ____ when they are unsuccessful (e.g., when they lose a tennis match) .
Federal Income Taxes
Charges imposed by the United States federal government on the yearly income of people, businesses, trusts, and various legal bodies.
Payroll Expense
The total amount spent by a business to compensate its employees, including wages, salaries, and bonuses.
Gross Pay
The total amount earned by an employee before any deductions, such as taxes and social security, are applied.
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or the operating cycle, whichever is longer.
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