Examlex
Companies make products rather than buy them in order to reduce total costs.
Journalize
The process of recording transactions in a company's journal as part of the accounting cycle.
Maturity
The date on which the principal or final payment is due on a loan or security.
Social Security Tax
A mandatory contribution imposed by governments to fund public programs that provide retirement benefits, disability income, and other social security services.
Medicare Tax
A federal tax deducted from employees' wages and employers' pay to fund the Medicare program.
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