Examlex
Name the two functions associated with the middle ear.
Federal Income Taxes Payable
The amount of income tax that a company or individual owes to the federal government and has not yet paid.
Payroll Taxes Payable
Liabilities owed to tax authorities for employee taxes withheld and employer payroll taxes; to be paid within a specified period.
FUTA Payable
A liability account reflecting the federal unemployment tax due to the government by employers.
Wages and Salaries Expense
The cost incurred by a business to compensate its employees for their work, typically noted in the income statement.
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