Examlex
Fold back this decision tree.Clearly state the decision strategy you determine.
Current Portion
The current portion usually refers to the segment of long-term debt or loan that is due to be paid within the next fiscal year.
Long-Term Debt
Loans and financial obligations lasting over one year that appear on a company's balance sheet.
Current Liability
A current liability is a financial obligation that is due to be settled within one year or within the normal operating cycle of the business, whichever is longer.
FICA Taxes
Taxes mandated by the Federal Insurance Contributions Act, which fund Social Security and Medicare, collected from both employers and employees.
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