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Deep acting involves:
Federal Unemployment Compensation Taxes
Taxes imposed on employers to fund unemployment benefits for workers who have lost their jobs.
Medicare Taxes
Taxes deducted from paychecks to fund the Medicare program, which provides health insurance to individuals over 65 or with certain disabilities.
Contingent Liabilities
Liabilities that may arise from past transactions if certain events occur in the future.
Past Transactions
Historical financial activities that have occurred and been recorded within a business.
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