Linkto the video: https://www.youtube.com/embed/NrQ1iXSpTaw

After viewing thevideo, for this weekâs discussion, submit your initial discussionpost by responding to the following:

Explainthe difference between a current and a long-termliability.

Explainthe three important questions concerning the uncertainty ofliabilities.

State thecombined amount (in percent) of the employee and employerFICA-Social Security tax rate. (Assume wages do not exceed $118,500per year.)

What isthe 2016 Medicare tax rate? This rate is applied to what maximumlevel of salary and wages.

Whichpayroll taxes are the employeeâs responsibility and which are theemployerâs responsibility?

Question

After viewing thevideo, for this weekâs discussion, submit your initial discussionpost by responding to the following:

Explainthe difference between a current and a long-termliability.
Explainthe three important questions concerning the uncertainty ofliabilities.
State thecombined amount (in percent) of the employee and employerFICA-Social Security tax rate. (Assume wages do not exceed $118,500per year.)
What isthe 2016 Medicare tax rate? This rate is applied to what maximumlevel of salary and wages.
Whichpayroll taxes are the employeeâs responsibility and which are theemployerâs responsibility?

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