Examlex
_____ represent concepts in an associative network.
Gross Pay
Gross pay refers to the total amount of money an employee earns before any deductions are taken out.
Employer Payroll Taxes
Taxes that employers are required to pay on behalf of their employees, which may include Social Security and Medicare taxes.
Tax Liability Accounts
Tax liability accounts are financial accounts used to record the amounts owed by an individual or an entity to the tax authorities, representing future tax payments.
Payroll Tax Expense Accounts
Accounts that track the taxes a business incurs related to its employees' salaries, including social security, Medicare, and federal and state income taxes.
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