Words or phrases
Forms
calculating
Ch. 3
100
Federal Unemployment tax
What is a federal ta that is used for state and federal administrative expenses of the unemployment program
100
Form 940
What is the total federal unemployment taxes paid during the calendar year is reported on what form
100
unemployment taxable earnings X state unemployment tax rate = state unemployment tax
What is the way to calculate state unemployment tax
100
January 31
What is the date you have to furnish form w-2 to each employee by
200
state unemployment tax
What is that state tax that is used to pay benefits to unemployed workers
200
Form W-2
What is the form that an employer must send to an employee and IRS at the end of the year
200
total earnings x tax rate = tax
What is the way to calculate tax
300
lookback period
What is a 12-month period that ends on June 30th of the prior year
300
Form W-3
What is the form that is sent to the Social Security administration showing total earnings, socials security wages, etc.
300
unemployment taxable earnings X federal unemployment tax rate = federal unemployment tax
What is the way to calculate federal unemployment tax
400
deposit
What is the payment of payroll taxes with the government referred to
400
Form 941
What is the form that has employers quarterly federal tax return showing the feder income tax, social security tax, and medicare tax
400
federal income tax withheld + employee social security and medicare tax + employer social security and medicare tax = federal tax liability
What is the way to calculate federal tax liability
500
Electronic federal tax payment system
What is EFTPS
500
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500
1) For each employee enter accumulated earnings as of November 30 and total earnings for the December 15 pay period 2) Enter unemployment taxable earnings for the pay period in the unemployment taxable earnings column for employees whose accumulated earnings are less than $7000. 3) Total the unemployment taxable earnings column.
What is the way to calculate unemployment taxable earnings
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