Examlex
Depreciation expense is listed on the direct method statement of cash flows because it affects income.
Federal Income Tax
Federal Income Tax is the tax levied by the IRS on the annual earnings of individuals, corporations, trusts, and other legal entities.
FICA Tax
Federal Insurance Contributions Act tax, a mandatory payroll deduction in the United States funding Social Security and Medicare benefits.
State Unemployment Tax
A tax levied by state governments on businesses to fund unemployment insurance benefits for workers who have lost their jobs.
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