The Social Security,Medicare,FUTA,and SUTA tax accounts normally have credit balances.

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Social Security, Medicare, FUTA (Federal Unemployment Tax Act), and SUTA (State Unemployment Tax Act) are paid by both employers and employees throughout the year. These taxes are credited to the respective accounts and then used to provide benefits to eligible individuals. Therefore, these accounts typically have credit balances.

The Social Security,Medicare,FUTA,and SUTA Tax Accounts Normally Have Credit Balances