941 Form Definition

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941 Form is the U.S. IRS Employers Federal Quarterly Payroll Tax form.

Learn new Accounting Terms

NET INCOME is the difference between a businesses total revenue and its total expenses. This caption and amount is usually found at the bottom of a companys Profit and Loss statement. Same as Net Profit.

STEWARDSHIP is responsibility for taking good care of resources entrusted to one, e.g., boards of directors must show good stewardship towards the company for which they are a board member.

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