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W ORKPLACE V OCABULARY 7 Retirement, Balance, Cash Drawer, State Taxes and Federal Taxes
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R ETIREMENT 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.
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B ALANCE A state of equality. Equally distributed
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C ASH D RAWER A compartment under a cash register that holds money, coupons, etc.
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S TATE T AXES Taxes that are imposed by state governments to fund state programs.
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F EDERAL TAXES Taxes that are imposed by federal governments for public use.
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