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A home loan with fixed monthly payments and the house as collateral most closely represents which of the following bond characteristics?
Employee's Earnings Record
A record maintained by an employer that tracks the earnings of an employee over time, including wages, salaries, bonuses, and other forms of compensation.
Cumulative Earnings
The total amount of net income a company has earned over time since its inception, excluding any dividends paid to shareholders.
Social Security Tax
A tax that finances the Social Security program, collected from both employers and employees, to fund retirement, disability, and survivorship benefits.
Federal Income Tax
The tax levied by the U.S. federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.
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