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Recognize the accounting treatment for contingencies, including lawsuits and uncertainties, and their disclosure requirements.
Explain the employer's payroll responsibilities and the significance of accurate payroll recordkeeping.
Calculate the impact of FICA taxes on both employee and employer.
Understand unemployment insurance programs and the taxes associated with them, including FUTA and SUTA.

Definitions:

Solidarity Theory

A sociological theory that emphasizes the importance of unity and agreement within a society in maintaining order and support among different groups.

Frame Alignment Theory

A sociological theory that explains how social movements gain support by aligning their activities and ideas with the frames of potential supporters.

New Social Movement Theory

An analytical approach focusing on the distinctive features of social movements since the 1960s, emphasizing identity, culture, and decentralized structures.

Government Surveillance

The monitoring of individual or group activities by governmental organizations, often justified as a means to gather intelligence, prevent crime, or protect national security.

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