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The carrying amount always approaches the face value over the life of the bond.
FICA Taxes
Taxes imposed on both employees and employers to fund Social Security and Medicare, based in the United States.
Payroll Records
Documentation related to employees’ pay, including details of salaries, wages, bonuses, deductions, and taxes, maintained by an employer.
Journal Entry
An accounting entry documenting the specifics of a financial deal.
Current Liability
A company's debts or obligations that are due within one year.
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