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Payroll computed weekly, bi-weekly, or
monthly. A report of the total hours employees worked during the pay
period, employee names, total earnings and the various deductions that are
take from the gross pay to arrive at the net pay. Associated reports and
taxes that require attention on a monthly, quarterly and yearly basis.
Taxes associated with payroll
- 941 Federal Tax Deposit (combination of federal withholding and Social
Security/Medicare withholding.
- SUTA - State Unemployment
- FUTA - Federal Unemployment
Reports associated with payroll
- 941/944 - Employers Federal Tax Return
- 940 - Employers Annual Federal Unemployment
- W-2 Wage and Tax Statements
- W-3 Wage and Tax Statement Summary
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