Examlex
Please define the following key terms. Show Who? What? Where? When? Why Important?
-Auguste Comte
Cumulative Earnings
The total amount of net income a company has earned over time since its inception, excluding any dividends paid to shareholders.
Social Security Tax
A tax that finances the Social Security program, collected from both employers and employees, to fund retirement, disability, and survivorship benefits.
Federal Income Tax
The tax levied by the U.S. federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.
State Unemployment Tax
A tax that employers are required to pay to their state government to fund unemployment benefits for workers who have lost their jobs.
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