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When using the "four-categories" time management system, it is important to think about and work in time for tasks that are:
Withholdings
Amounts of money withheld from an employee's paycheck for taxes, health insurance, retirement savings, etc., and paid directly to the government or other entities.
Payroll Reporting
The process of compiling and submitting employee payroll data, including wages, salaries, and tax withholdings, to relevant authorities or organizations.
Processing Payroll
The administrative task of calculating and distributing wages, as well as filing the necessary taxes.
FUTA
The Federal Unemployment Tax Act, which imposes a payroll tax on businesses to fund state workforce agencies.
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