Examlex
The C in LOC stands for
Social Security
A governmental program providing financial assistance to people with inadequate or no income, especially the elderly, disabled, and families with dependent children.
Unemployment Taxes
This term refers to taxes imposed on employers based on the wages paid to employees, used to fund unemployment insurance programs.
Warranty Obligations
A company's legal responsibility to repair or replace defective products within a specified period.
Warranty Expense
It represents the cost associated with the repair or replacement of defective products under warranty.
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