EMPLOYEE PAY
TAXES
FICA
REPORTING & RECORDING
UNEMPLOYMENT TAXES
100
Total amount earned by all employees for a pay
Payroll
100
Taxes based on the payroll of a business
Payroll taxes
100
Federal tax paid for hospital insurance
Medicare tax
100
Business form used to record payroll information
Payroll register
100
Who pays Federal and State unemployment taxes
Employers
200
Period covered by a salary payment
Pay period
200
Who pays Federal Income tax
Employees
200
Federal tax paid for old-age, survivors, and disability insurance
Social security tax
200
Business form used to record details affecting payments made to an employee
Employee earnings record
200
Tax base for Federal Unemployment
$7,000
300
Money paid for employer services
Salary
300
Deduction from total earnings for each person legally supported by a taxpayer, including the employee
Withholding allowance
300
Maximum amount of earnings on which a tax is calculated
Tax base
300
When recording a payroll, Salary Expense is equal to
Total earnings
300
Tax base for State Unemployment
$7,000
400
Total pay due for a pay period before deductions
Total earnings
400
Maximum amount of earnings on which a tax is calculated
Tax base
400
Who pays FICA
Employees and employers
400
When paying a payroll tax liability, the source document for the journal entry
Check written for tax liability
400
State Unemployment is calculated by multiplying Unemployment Taxable Earnings by
.054
500
Total earnings paid to an employee after payroll taxes and other deductions
Net pay
500
Employee social security tax and medicare tax
FICA
500

FICA is calculated by multiplying total earnings by

7.65% (Soc. Sec. 6.2% and Medicare 1.45%)

500
Employer annual report to employees of taxes withheld
W2
500
Federal Unemployment is calculated by multiplying Unemployment Taxable Earnings by
.008
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