The Balance Sheet – Liabilities, accounting homework help

Primary Task Response: Within the Discussion Board area, write 300–400 words that respond to the following questions with your thoughts, ideas, and comments. 

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

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