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If an adverse life event wreaks havoc on your employee’s finances and their current income barely covers the cost (or not at all), what will they do? Workers often... Read more
In that case, the employer withholds 6.2 percent on behalf of the employee, totaling $124, and then pays an additional 6.2 percent as the employer’s share, totaling $124. Thus,... Read more
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It is important to have more detail in this equity category to understand the effect on financial statements from period to period. This may be difficult to understand where... Read more
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