Questions -
Q1. What taxes are employer only?
Q2. What taxes are shared responsibility?
Q3. What taxes are employee only?
Q4. What determines the deposit requirements for employer taxes?
Q5. How often must a company report 941 earnings/withholdings?
Q6. How often must a company report 940 earnings/withholdings?
Q7. Which of the mandatory withholdings have a maximum wage base?
Q8. How did the Affordable Care Act change Medicare Tax withholding percentages?
Q9. What is Form 941?
Q10. Which employers must use Schedule B?
Q11. How do employers know that they must use Form 944?
Q12. What is Form 940?
Q13. What is the difference between Form W-2 and Form W-3?
Q14. What are the employer's payroll responsibilities?
Q15. How does payroll relate to a company's costs of doing business?
Q16. What is meant by the term labor distribution?
Q17. How do payroll records inform managers about labor distribution?
Q18. What is a benefit analysis report?
Q19. How can a manager use the benefit analysis report in the decision-making process?
Q20. How do the payroll reports inform managers about department and company profitability?