Examlex
A _____________________ arises from a past decision and cannot be avoided or changed; it is irrelevant to future decisions.
FICA-Social Security
The portion of the Federal Insurance Contributions Act tax that funds the Social Security program, providing benefits for retirees and disabled individuals.
FICA-Medicare
A federal tax in the United States deducted from employees' paychecks to fund the Medicare program, which provides health coverage to eligible elderly and disabled individuals.
Employee Federal Income Taxes
Taxes withheld from employees' salaries by employers to pay to the federal government.
Warranty Liability
A financial obligation representing the cost a company anticipates for repairing or replacing defective products during a warranty period.
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