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Unemployment Taxes
Taxes paid by employers to fund unemployment insurance programs, providing benefits to workers who have lost their jobs.
Payroll Tax Expense
Financial charges imposed on employers based on the wages and salaries paid to employees.
FICA Taxes Payable
Liabilities owed for Social Security and Medicare taxes, which are shared by employees and employers, and must be remitted to the government.
Pension Rights
Entitlements or benefits that an employee accumulates from a pension plan, providing income upon retirement.
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