Payroll Chapter 3
Order by
12 terms
Terms | Definitions |
|---|---|
 Dismissal pay is considered this type of wages under FICA | taxable |
| Employees may use this Form to report the amount of their tips to their employers | 4070 |
| Employer payments made directly to employees in lieu of health insurance coverage are this type of wages | taxable |
| The FICA tax rates and taxable wage bases are the same or different for employees and employers | same |
| If an employee, who works two or more separate jobs, pays OASDI taxes on wages in excess of the taxable wage base, the employee is entitled to a this of the overpayment | refund |
| All employers of one or more persons must file an application for | identification number. |
| The requirements for depositing FICA taxes and income taxes withheld from nonagricultural employees' wages vary according to the amount of such taxes reported during a | lookback period. |
| Monthly depositors are required to deposit their taxes by this day of the following month | 15th |
| The employees of a semiweekly depositor are paid every Tuesday. The accumulated payroll taxes must be deposited on or before the following | Friday |
| If the accumulated employment taxes during a quarter are less than this amount, no deposits are required | 2,500 |
| This Form $2,500 is used by employers to make their quarterly return of FICA taxes and withheld income taxes | $2,500 |
| Employers who fail to file employment tax returns are subject to both of these types of penalties | civil and criminal |
First Time Here?
Welcome to Quizlet, a fun, free place to study. Try these flashcards, find others to study, or make your own.