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Given the Following Payroll Items You Are to Identify Whether  Employer  Employee  SUTA \begin{array} { | l | l | l | } \hline & \text { Employer } & \text { Employee } \\\hline \text { SUTA } & & \\\hline\end{array}

question 129

Essay

Given the following payroll items you are to identify whether they are the responsibility of the employer and/or the employee by placing an X in the appropriate column.
-  Employer  Employee  SUTA \begin{array} { | l | l | l | } \hline & \text { Employer } & \text { Employee } \\\hline \text { SUTA } & & \\\hline\end{array}


Definitions:

Corporations

Legal entities that are separate and distinct from their owners, providing limited liability, easy transferability of shares, and perpetual existence.

Joint Ventures

A business agreement between two or more parties to develop a new entity and new assets by contributing equity.

Common Laws

Laws that have developed through court decisions, traditions, and legal precedents rather than through legislative statutes.

Agency

A legal relationship in which one party (the agent) acts on behalf of another party (the principal) in dealing with third parties.

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