Examlex
________ arrange data in columns and rows, allowing you to read down or across to see different relationships.
Payroll Taxes
Taxes that are withheld from employees' wages by their employer and paid to the government, often including social security and medicare taxes.
Social Security Taxes
Taxes collected from employees and employers to fund the Social Security program, which provides benefits to retirees, disabled persons, and survivors of deceased workers.
Unfunded Pension Liability
The shortfall between the present value of the pension obligations to employees and the assets set aside to meet those obligations.
Balance Sheet
A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial condition.
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