Examlex
When you reduce body fat stores through an exercise program, much of the reduction is likely to come from fat
stores in the abdominal area.
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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