Examlex
Which of the answers for the following conversions contains the correct number of significant figures?
Long-term Liability
Financial obligations of a business that are due beyond the current fiscal year or operating cycle.
SUTA Payable
State Unemployment Tax Act payable, a liability account for taxes owed by employers to state unemployment insurance programs.
Social Security Tax
Taxes collected by the government from employees and employers to fund the Social Security program, providing retirement, disability, and survivors' benefits.
Payroll Tax Expense
Levies placed on both employers and employees, determined based on a percentage of the wages that employers distribute to their workforce.
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