Key Terms Instructions: Please Define the Following Key Terms

question 64

Short Answer

Key Terms Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
epistemology

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Definitions:

Fiscal Year

A 12-month cycle utilized by corporations and governmental bodies for the purposes of financial statements and budget planning, not always coinciding with the January to December calendar year.

Principal Repayment

The process of paying back the original amount of money borrowed, excluding interest or other charges.

SUTA

State Unemployment Tax Act; a type of payroll tax that employers are required to pay to the state to fund unemployment benefits.

Withheld

pertains to the portion of an employee's income that an employer retains as a prepayment for taxes to the government.