Examlex
The contribution margin of a particular segment less any direct fixed costs is called
Current Liabilities
Short-term financial obligations that are due within one year or within the normal operating cycle.
FICA Taxes Payable
Taxes that are due on employee and employer contributions to Social Security and Medicare.
Federal Income Taxes Payable
A liability account on the balance sheet representing the amount of income taxes a company owes to the government.
State Income Taxes Payable
This is a liability on a company's balance sheet representing the amount of income taxes owed to various state governments.
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