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Which of the following can be said about a 5-month-old infant grasping an object?
FICA-OASDI Payable
The amount owed by employers and employees for Social Security taxes, as mandated by the Federal Insurance Contributions Act (FICA), specifically for Old Age, Survivors, and Disability Insurance (OASDI).
FICA-Medicare Payable
This refers to the portion of FICA taxes collected from employees' wages and salaries that is allocated to cover Medicare expenses, a mandatory financial obligation for employers.
Federal Income Tax Payable
The amount of income tax a company or individual owes to the federal government, yet to be paid.
FUTA Payable
The amount owed by employers for the Federal Unemployment Tax Act, a federal tax used to help fund state workforce agencies.
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