QBO Chapter 8 Key Terms

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QBO Chapter 8 Vocabulary
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Payroll liabilities Payroll tax expenses owed by the business. Amount withheld from employee paychecks that must be paid to third parties
Payroll tax forms it summarizes the amount of payroll withholdings that have been collected and remitted
Federal form 940 Employer's Annual Federal Unemployment (FUTA) Tax Return
Federal form 941 Employer's Quarterly Federal Tax Return
Federal form 944 Employer's Annual Federal Tax Return
Form W-2 Wage and Tax Statement
Form W-3 Transmittal of Wage and Tax Statement

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