The expense account used to record employee's earnings

Law that requires employers to pay unemployment taxes to the federal government

Law that requires employers to pay employment taxes to individual states

__ are usually paid only by the employer and collected to provide funds for workers who are temporarily out of work.

The expense account used to record the employer's payroll taxes (FICA, FUTA, SUTA)

Federal Deposit Tax Coupon; form sent with payment for FICA and federal income taxes or federal unemployment taxes

System used by large businesses to deposit tax payments by electronic funds transfer

The wage and tax statement that summarizes an employees' earnings and tax deductions for the previous calendar year is called __

The transmittal of wage and tax statements that is filed by the employer with the Internal Revenue Service is called __

The document that reports the accumulated amounts of federal income taxes and FICA taxes withheld from employees' earnings for the quarter is __

__ is the tax return that includes federal unemployment taxes paid by the employer during the year.

.8% of gross earnings

5.4% of gross earnings

The salary expense of a business is equal to the _____.

Form ______ must be prepared and given to each employee by January 31 of the year following that in which the taxes were deducted.

The employer's payroll taxes are_________of the business.

Both the employee and the employer pay the same rate for Social Security and _____________________.

The _____________is credited for the total amount that is paid by the employer to the employees.

The __________________ account has a normal debit balance.

An increase in the _________________________account is recorded as a credit

The form that is prepared and sent with the employer's check to show the amount of federal payroll taxes being sent to the federal government is a __

______________ tax is paid by the employer and the employees.

Amounts deducted from employees' earnings and held for payment by the employer become ____________ to the business.

The __________________ is the source of information for preparing the journal entry for payroll.