Examlex
An oxidation reaction involves the addition of hydrogen atoms to an organic compound.
Accounts Payable
Liabilities representing amounts owed by a company to suppliers for goods and services purchased on credit.
Journal Entry
A record in the accounting journals that documents a financial transaction.
FICA Taxes
Taxes imposed by the Federal Insurance Contributions Act, funding Social Security and Medicare programs, withheld from employees’ pay and matched by employers.
Medicare Taxes
Taxes collected from employees and employers to fund the Medicare program, which provides healthcare benefits to retirees.
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