Sections:

Payroll Liabilities and Tax Records, Page 3

Payroll Accounting: Key Concepts

The key terms in this section are: 

  • Electronic Federal Tax Payment System (EFTPS) 
  • Federal Unemployment (FUTA) 
  • Form 8109 
  • Form 940 
  • Form 941 
  • Form W – 2 
  • Form W – 3 
  • Payroll Tax Expense 
  • Salaries Expense 
  • State Unemployment Tax Act (SUTA) 
  • Unemployment Taxes