Discussion Board: THE BALANCE SHEET
Primary Task Response: Within the Discussion Board area, write 300-400 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
In 300-400 words, 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.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.