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At the time that wages are paid, an advance payment of EIC would be recorded as:
At the time that wages are paid, an advance payment of EIC would be recorded as:
A . Debit FIT payable, credit cash
B. Debit cash, credit EIC payable
C. Debit EIC payable, credit FICA payable
D. Debit EIC payable, credit cash
Answer: D
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