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The process by which microorganisms cause diseases is known as
FICA
The Federal Insurance Contributions Act, which funds Social Security and Medicare, requiring employers and employees to pay a percentage of earnings.
Look-Back Period
A period of time used to determine whether a business should make its Form 941 tax deposits on a monthly or semiweekly basis. The IRS defines this period as July 1 through June 30 of the year prior to the year in which Form 941 tax deposits will be made.
Form 941
A tax form used by employers to report federal withholdings from employee wages, including Social Security and Medicare taxes.
FUTA Tax Payable
A liability representing the federal unemployment tax that employers must pay on behalf of their employees to the IRS.
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