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Seth has just been informed of his approval for the company's advanced leadership executive training program. It will require him to spend a year rotating from office to office internationally. His responsibilities will change a bit at each office, but he will basically still serve as a quality management analyst. This is an example of ___.
FICA Tax
Federal Insurance Contributions Act tax, a U.S. tax that funds Social Security and Medicare, deducted from employees' paychecks and matched by employers.
Payroll Tax
Taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.
Federal Income Tax
A tax levied by the national government on an individual's or corporation's annual income.
Loss Contingencies
Potential losses that a company might incur if a certain event occurs, recognized in financial statements if the loss is probable and the amount can be reasonably estimated.
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