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Define and discuss the following estimated and contingent


Problem -

Write 300-400 words that respond to the following questions with your thoughts, ideas, and comments.. Be substantive and clear, and use examples to reinforce your ideas.

Define and discuss the following:

  • Estimated and contingent liabilities
  • The difference between gross and net take home pay
  • The difference between employer payroll taxes and withholding deductions
  • FICA
  • FUTA and SUTA

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Accounting Basics: Define and discuss the following estimated and contingent
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