Examlex
The first step in developing either a functional or program budgeting system is the creation of a line-item budget that identifies all anticipated revenues and proposed expenses. The second step in the process includes which of the following:
FUTA Tax
Federal Unemployment Tax Act tax, which is a payroll tax paid by employers to fund the government's unemployment insurance program.
SUTA Tax
The State Unemployment Tax Act tax, a payroll tax that employers pay to fund the state's unemployment insurance.
Payroll Data
Information related to employees' salaries, wages, bonuses, and deductions, essential for processing payroll and ensuring accurate financial records.
Gross Earnings
The total income earned by an individual or business before any deductions like taxes or expenses are subtracted.
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