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Unformatted text preview: factors: o Marital status o Length of pay period o Employees taxable wages o Claimed dependents 2. Compensated Absences paid absences from employments that have been earned. All of the following conditions must exist for there to be an earned compensated absence: a. Employer obligation for services already rendered b. Accumulated or vested rights i. Accumulated earnings that are not used in one period and carried to the next ii. Vested earnings that are earned and are due even after employment has been terminated c. Payment of compensation is probable. d. Amount can be reasonably estimated. 3. Bonus Agreements payment in addition to regular salaries and wages. a. Typically depends on companys yearly profit b. This is a current liability but also a CONDITIONAL expense...
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- Spring '11