If a liability is dependent on a future event, it is called a potential liability. Hypothetical liability. Probabilistic liability. Contingent liability. By January 31 following the end of a calendar year, an employer is required to provided each employee with a(n) state unemployment tax form. federal unemployment tax form 940. wage and tax statement form W-2. Employee's withholding allowance certificate form W-4. Which of the following payroll taxes are usually filled and remitted annually? Federal unemployment taxes FICA taxes State unemployment taxes Federal and state unemployment taxes A company purchased factory equipment on January 1^st, 2014 for $160,000. It is estimated that the equipment will have a $20.000 salvage value at the end of its 10-year useful life. Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2014 is $16,000. $14,000. $10, 500. $12,000. A factory machine was purchased for $375,000 on January 1, 2014 It was estimate that it would have a $75,000 salvage value at the end of its 5-year useful life. It was estimated that the machine would be run 40,000 hours in the 5 years The comp the machine for 4,000 actual hours in 2014. If the company uses the units-c method of depreciation, the amount of depreciation expense for 2014 would be $37, 500. $60,000. $75,000. $30,000