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Describe two similarities and two differences between Loevinger and Vaillant's theories of adult development.
FIT Payable
Federal Income Tax Payable, a liability account that represents the amount of federal taxes a company or individual owes to the tax authorities.
FUTA Payable
The liability account for the federal unemployment tax that employers must pay on behalf of their employees.
SUTA Payable
The liability account used to record the amounts owed by an employer for state unemployment taxes.
Payroll Tax Expense
Expenses that a business incurs to cover government taxes on employee wages, including social security and Medicare taxes in the United States.
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