Examlex
This theory advocates that the available external market does not provide an efficient environment in which the firm can profit by using its technology or production resources.
Net Pay
Gross pay less payroll deductions; the amount the employer is obligated to pay the employee.
Payroll Taxes
Taxes that employers are required to withhold from employees' paychecks and/or pay on behalf of their employees, including Social Security and Medicare taxes.
Discounting
In finance, refers to the process of determining the present value of a payment or a series of payments that will be received in the future.
Note Payable
A written agreement to pay a specified sum of money, plus interest, on a set date, representing a liability for the issuer.
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