WORKPLACE VOCABULARY 7
Retirement, Balance, Cash Drawer, State Taxes and Federal Taxes
RETIREMENT
The point where a person stops employment completely. A person can partly retire and still have a part time
job, out of necessity or choice. This usually happens upon reaching a
determined age. The average retirement age in the US is 65.
BALANCE
A state of equality. Equally distributed
CASH DRAWER
A compartment under a cash register that holds money, coupons, etc.
STATE TAXES
Taxes that are imposed by state governments to fund state programs.
FEDERAL TAXES
Taxes that are imposed by federal governments for public use.
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