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-Use the information above to answer the following question.What is the total of the credit balance accounts?
Net Earnings
The amount of income left over after all deductions, including taxes, expenses, and allowances, have been subtracted from gross earnings.
SUTA Purposes
Relating to State Unemployment Tax Act, it's for state-level funding of unemployment benefits.
FUTA Tax
Federal Unemployment Tax Act tax, used to fund state workforce agencies.
Timely Deposits
The IRS requirement that taxpayers must deposit certain types of taxes (e.g., payroll taxes) by specific deadlines to avoid penalties.
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