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What Is Capping

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What is capping?


Definitions:

Form 940

A tax form filed by employers to report annual Federal Unemployment Tax Act (FUTA) tax.

Form W-2

An IRS tax form used in the United States to report wages paid to employees and the taxes withheld from them.

Payroll Taxes Collected

Taxes that are withheld from employees' wages by their employer and remitted to the government, including amounts for social security and Medicare.

Workers' Compensation

A form of insurance providing wage replacement and medical benefits to employees injured in the course of employment.

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