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According to the authors, most gangs are:
FICA Taxes Payable
The portion of FICA taxes that an employer needs to remit to the government, representing withheld employee taxes and the employer's contributions.
Salaries Expense
The total amount paid to employees for services rendered during a specific period, often considered an operating expense.
Federal Income Taxes Payable
The amount of income tax a company or individual owes to the federal government, which is due within the tax filing period.
Current Liabilities
Short-term financial obligations that are due within one year or within the normal operating cycle of a business, whichever is longer.
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