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Social Security Tax Medicare Tax FUTA and SUIPayroll taxes imposed on the employer
QuickBooks Payroll ServicesA variety of services offered by QuickBooks Pro; includes automatic processing of payroll and requires a monthly service fee.
Payroll Liabilities and Payroll ExpensesTwo default general ledger accounts created by QuickBooks Pro when the payroll feature is activated.
Social Security Tax, Medicare Tax, Federal Witholding, and State WithholdingPayroll taxes imposed on the wmployee and collected by the employer
Payroll Item ListContains a file for each type of payroll item that affects the payroll computation.
Government AgencyListed on the Vendor Center and included in Payroll Item List; identifies where the employee’s payroll withholdings should be sent.
Manual Payroll CalculationsAn option that must be activated in order to access the Payroll Item List when a company does not subscribe to QuickBooks Payroll Services.
Social Security and MedicarePayroll item that requires identifying two liabilities accounts and one expense account in the Payroll Item List.
Payroll ItemsCompensation
PayrollInvolves computing each employee’s gross earnings


Business Instructor
Coal City High School
Coal City, IL

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