To Make Sure All of Your Personal Property Is Paid

question 11

Essay

To make sure all of your personal property is paid for in the event of a loss,it is a good idea to make an inventory of all household contents.Tell what should be included.

Calculate federal income tax withholding using taxpayer status and allowances.

Compute the employer's contribution to Social Security and Medicare based on employee earnings.

Calculate Social Security and Medicare withholdings for an individual employee.

Determine the total for various payroll deductions over a specified period.

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Definitions:

Corporate Status

A legal status that allows a company to operate as its own legal entity, separate from its owners.

Charitable Donations

Voluntary contributions made to nonprofit organizations or causes without expectation of receiving something in return.

Closely Held Corporations

Corporations that have a small group of shareholders with no market for buying or selling company stock. They often involve family businesses.

General Public

Refers to the ordinary people in society who are not involved in any particular profession or specialized group.