PayRoll Tax
Name the 3 federal employee taxes
What is: Fit, SS, Medicare
What are the 3 types of deductions
Statutory , Voluntary, Involuntary
What are the output types of standard reports
Paper report or online report
What is the rate of FUTA
The Federal Unemployment Tax rate is 6% with a 5.4% credit.
Name a common employer statutory tax deduction.
SUI, or SDI
What report provides company totals and details of the employees paycheck
Payroll Register.
What is the Quarterly Federal Income tax form ?
Form 941
What is a Cafe 125 deduction?
A Voluntary deduction that provides benefit options to the employee from the employer.
What report is available to tax filing clients
Statistical Summary
If your total tax liability 50,000$ or less, when is your federal deposit due?
It is due on the 15th of the next month
Bonus: What comes first Garnished wages or Bankruptcy.
Bankruptcy
Bonus: What does an earnings 2 code mean?
OverTime ..... joe