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What must Mr.Larkins do to begin the process of developing partnerships with his students' families?

Recognize the accounting treatment for contingencies, including lawsuits and uncertainties, and their disclosure requirements.
Explain the employer's payroll responsibilities and the significance of accurate payroll recordkeeping.
Calculate the impact of FICA taxes on both employee and employer.
Understand unemployment insurance programs and the taxes associated with them, including FUTA and SUTA.

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