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Lawn & Order - Coggle Diagram
Lawn & Order
Unemployment taxes
FUTA
Payroll Tax
Unemployment benefits
People out of work
Paid annually or quarterly
Helps business
With employees
Employers pay FUTA
To fund unemploymet
To pay employees
941
Employers Use:
Report Income Taxes
Report Social Security Tax
Report Medicare Tax
Quarterly
Federal Tax return
Used by employers
Quarterly report
Tax calendar
12 months
Divided quarters
Due dates
Filling tax forms
Paying taxes
Other actions
By Federal Law
Example
5/10/21
File form 941
First quarter
FICA
Federal payroll tax
9 digit number
Accurately record
Wages
Self epmloyment
Fund
Social security
Medicare