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What is the systems development life cycle?
Medicare Tax
A federal tax that helps fund the Medicare program, which provides health insurance for individuals who are 65 years old and older or who meet other specific criteria.
Salaries Payable
An account on the balance sheet that represents the amount of unpaid wages owed to employees at the end of a reporting period.
Payroll Register
A payroll register is a detailed document that records all employees' payroll activities, including wages, salaries, deductions, and net pay for a specific period.
Net Pay
The amount of an employee's earnings remaining after deductions, such as taxes and social security contributions, have been made.
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