Chapter 9, Problem 8BTN

To determine

Earnings:

Earnings mean the net income of a company that company has itself to pay off to its shareholders as dividend. Earning is the amount of profit that a company generates from its operation in a particular period.

Income Statement:

Income statement is a business’s financial statement which tells the financial performance of a company in an accounting period. It shows the income generated by a company and expenses incurred by a company through its operations.

Tax:

Tax is the amount of payment imposed by the government on the income earned by an individual.

To explain: The taxes record paid for Social security office