EXECUTE Definition

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EXECUTE is to carry out an internal control procedure, such as to sign and mail a check after inspecting supporting documents.

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W-2 FORM, Wage and Tax Statement, is the form U.S. employers are required by the IRS to issue for each employee before February 28th of the following year. The W2 form lists the employees total wages/compensation and taxes withheld within the calendar year of the year preceding.

MAJORITY CONTROL is the degree of control provided by a majority position.

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