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Please answer ALL the prompts below. 1. Please explain the process a business uses for recording payroll, payroll tax expense, and paying payroll. 2. Why
Please answer ALL the prompts below. 1. Please explain the process a business uses for recording payroll, payroll tax expense, and paying payroll. 2. Why are liability accounts used in the payroll process? 3. Please choose (a) or (b): a) Will the payroll process be the same or different for a large vs. small business? OR b) Please prepare a summary of all the government forms/reports used for payroll described in Chapters 7 and 8 and explain their purpose
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