Section 1
What is the account for federal income tax
Employee's federal income tax payable
What percent of gross earnings is federal unemployment tax
0.8%
What statement summarizes an employee's earnings and tax deductions
Form W-2
What is the account for Social Security Tax
Social Security tax payable
What percent of earnings are state unemployment tax
5.4%
Form 8109
A form sent with payment for FICA and federal income or federal unemployment taxes
What is the account for medicare tax
Medicare tax payable
Federal Unemployment Tax Act
Form 940
The tax return form that includes federal unemployment taxes
What is the account for hospital insurance premiums?
Hospital insurance premiums payable
What does SUTA stand for
State Unemployment Tax Act
What does EFTPS stand for
Electronic Federal Tax Payment System
What is the definition of salaries expense
The expense account used to record employee's earnings
What is the Payroll Tax Expense account
The account used to record payroll taxes
Form 941
The document that reports the accumulated amounts of federal income and FICA taxes withheld from employees' earnings for the period