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Which of the following typically is NOT classified as an accrued liability?
FICA Taxes
Federal Insurance Contributions Act taxes, which fund Social Security and Medicare, required to be paid by both employees and employers.
FICA Tax
Federal Insurance Contributions Act tax, a U.S. payroll tax that funds Social Security and Medicare, split between employers and employees.
Withholding Allowances
Portions of an employee's pay that are not included in taxable income, used to reduce the amount of tax withheld from their paycheck.
Federal Government
The national government of a country, which holds the ultimate authority over its territories and is responsible for implementing national policies and laws.
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