Incorrect Answers Are Often Referred to as ____________________ ____________________

question 20

Short Answer

Incorrect answers are often referred to as ____________________ ____________________.

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Definitions:

Journalize

The process of recording financial transactions in a company's journal as part of the accounting cycle.

Medicare Tax

A federal tax that funds Medicare, the U.S. healthcare program for individuals older than 65 or with certain disabilities, deducted from employee paychecks.

Social Security

A government program that provides financial assistance to people with an inadequate or no income, especially the elderly, disabled, and unemployed.

Unemployment

The state of being without a paid job despite the willingness to work.