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Voluntary Deductions
Employee-elected deductions from their payroll for benefits, contributions, or savings plans.
Salaries And Wages Payable
A liability account that records the amounts owed to employees for work performed that has not yet been paid.
Taxes Payable
Current liabilities representing the amount of taxes owed to governmental authorities that have not yet been paid.
Federal Unemployment Taxes
Taxes imposed on the employer by the federal government that provide benefits for a limited time period to employees who lose their jobs through no fault of their own.
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