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Payroll
The total amount of wages, salaries, bonuses, and deductions a business pays to its employees.
FICA-OASDI Payable
The amount owed by an employer or employee for Social Security and Medicare taxes, to be paid to the IRS.
FUTA Payable
A liability account that records the amount owed by a company for the Federal Unemployment Tax Act contributions, payable to the federal government.
SUTA Payable
A liability account that records amounts owed for the state unemployment tax.
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