| A | B |
|---|
| Electronic Federal Tax Payment System (EFTPS) | SYstem used by large businesses to deposit income tax payments by electronic funds transfer |
| Federal Unemployment Tax Act (FUTA) | Law that requires employers to pay unemployment taxes to the federal government |
| Form 8109 | Federal tax coupon; form sent with payment for FICA and federal income taxes or federal unemployment taxes |
| Form 940 | Form that reports he employer's federal unemployment taxes |
| Form 941 | Employer's Quarterly Federal Tax Return; form used to report accumulated amounts of FICA and federal income tax withheld from employees' earnings for the quarter, as well as FICA tax owed by the employer. |
| Form W-2 | Wage and Tax Statement; form that summarizes an employee's earnings and amounts withheld for federal, state, and local taxes |
| Form W-3 | Transmittal of Wage and Tax Statements; summarizes the information contained on the employees' Forms W-2 and accompanies the Forms W-2 sent to the federal government |
| Payroll Tax Expense | The expense account used to record employees' earnings for each pay period |
| Salaries Expense | The expense account used to record employees' earnings |
| State Unemployment Act (SUTA) | Law that requires employers to pay unemployment taxes to individual states |
| unemployment taxes | Taxes collected to provide funds for wokers who are temporarily out of work |
