| Authorized depository | A bank that can accept payroll deposits from its own checking account customers.
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| Employer identification number (EIN) | A number issued by the federal government that uniquely identifies a business.
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| Employer's Quarterly Unemployment Tax Report | A report filed with the state that shows an employer's unemployment taxes owed.
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| Federal depository bank | Bank authorized to accept deposits of amounts payable to the federal government.
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| Federal Insurance Contributions Act (FICA) taxes | Taxes assessed on both employers and employees; for Social Security and Medicare programs.
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| Federal Reserve Bank | A bank that can accept payroll deposits from any business.
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| Federal unemployment taxes (FUTA) | Payroll taxes on employers assessed by the federal government to support its unemployment insurance program.
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| Form 940 | IRS form used to report an employer's federal unemployment taxes (FUTA) on an annual filing basis.
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| Form 940-EZ | The Employer's Annual Federal Unemployment Tax Return. This shows the amount of FUTA tax the employer owes for the year.
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| Form 941 | IRS form filed to report FICA taxes owed and remitted.
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| Form 8109 | A preprinted Federal Tax Deposit Coupon. It is used when an employer deposits money into a federal depository bank.
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| Form 8109-B | A Federal Tax Deposit Coupon used by new businesses or when the business does not have a supply of preprinted Forms 8109.
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| Form SS-4 | An Internal Revenue Service form filed by a business in order to receive an employer identification number.
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| Form W-2 | Annual report by an employer to each employee showing the employee's wages subject to FICA and federal income taxes along with amounts withheld.
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| Form W-3 | The Transmittal of Wage and Tax Statements form. This form reports the total wages and tax withholding information for all the employer's employees for the year.
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| Look-back rule | A rule used to classify business as monthly or semiweekly depositors.
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| Merit rating | Rating assigned to an employer by a state based on the employer's record of employment.
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| State unemployment taxes (SUTA) | State payroll taxes on employers to support its unemployment programs.
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| Workers' compensation insurance | An insurance program that provides benefits to workers who are injured on the job.
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