LO 1 | Describe laws that impact an employer's payroll obligations. |
LO 2 | Compute employer FICA taxes and record them in a general journal. |
LO 3 | Journalize an employer's deposit of federal income taxes and FICA taxes withheld, and prepare a deposit coupon. |
LO 4 | Prepare Form 941, Employer's Quarterly Federal Tax Return. |
LO 5 | Prepare Form W-2, Employee's Wage and Tax Statement, and Form W-3, Transmittal of Wage and Tax Statements. |
LO 6 | Compute an employer's state and federal unemployment taxes and record them in a general journal. |
LO 7 | Prepare unemployment tax returns. |
LO 8 | Compute and record workers' compensation insurance premiums for an employer. |