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1) Employees are subject to taxes withheld from their paychecks. Why are deductions from employees earnings classified as liabilities for the employer? 2) Explain what

1) Employees are subject to taxes withheld from their paychecks. Why are deductions from employees earnings classified as liabilities for the employer?

2) Explain what is a bond, the benefits and drawbacks to using bonds, and the associated costs with their use.

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