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Journal Entry
A record in the financial ledgers of a company reflecting a business transaction, involving a debit and credit in accordance to double-entry bookkeeping.
FICA Taxes
Taxes imposed on both employees and employers to fund Social Security and Medicare, based in the United States.
Payroll Records
Documentation related to employees’ pay, including details of salaries, wages, bonuses, deductions, and taxes, maintained by an employer.
Journal Entry
An accounting entry documenting the specifics of a financial deal.
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