Since the FUTA tax is a social security tax, it can be charged to the same expense account as the other payroll taxes on the employer, the payroll taxes account.

When recording the deposit of FUTA taxes owed, the proper entry is:

In most states, the contribution reports and the wage information reports are filed quarterly.

The employer’s payroll tax expenses are recorded by all employers at the time these taxes are actually paid.

In most states, the contribution reports and the wage information reports are filed quarterly.

The amount of federal income taxes to be withheld is determined after subtracting from the employee’s gross wages any local and state taxes.

The employer’s payroll tax expenses are recorded by all employers at the time these taxes are actually paid.

The amount of federal income taxes to be withheld is determined after subtracting from the employee’s gross wages any local and state taxes.

In order to obtain the maximum credit allowed against the federal unemployment tax, the employer must have paid its SUTA contributions by the due date of Form 940.

Under the Equal Pay Act: