Examlex
Corporations may avoid liability for the obligations of a predecessor corporation by treating a consolidation or merger as a sale of assets.
After-Tax Income
Before-tax income minus taxes paid.
Before-Tax Income
Market income plus transfers.
Payroll Tax
Taxations placed upon employers or employees, usually based on a percentage of the income that employees receive from their employers.
Social Security System
A government program designed to provide financial support to people in retirement, disability, or to survivors, funded through payroll taxes.
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