Flashcards
QBO Chapter 8 Key Terms
Cards in this deck (7)
- 1Payroll liabilitiesPayroll tax expenses owed by the business. Amount withheld from employee paychecks that must be paid to third parties
- 2Payroll tax formsit summarizes the amount of payroll withholdings that have been collected and remitted
- 3Federal form 940Employer's Annual Federal Unemployment (FUTA) Tax Return
- 4Federal form 941Employer's Quarterly Federal Tax Return
- 5Federal form 944Employer's Annual Federal Tax Return
- 6Form W-2Wage and Tax Statement
- 7Form W-3Transmittal of Wage and Tax Statement