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What is the major product of the following reaction sequence?
FICA Taxes Withheld
The portion of social security and Medicare taxes that employers deduct from employees' wages and salaries.
Net Payroll
The total amount of wages payable to employees after deductions such as taxes and benefits.
Salaries And Wages Payable
Liabilities representing amounts owed by an employer to its employees for work performed but not yet paid.
FICA Taxes Withheld
The part of wages that are taken out for Social Security and Medicare, as required by the Federal Insurance Contributions Act.
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