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Surrounding every moving electron is
EIN
An Employer Identification Number, issued by the IRS, used for identifying a business entity and for tax filing purposes.
Form SS-4
The form filled out by an employer to get an EIN. The form is sent to the IRS, which assigns the number to the business.
Payroll Tax Expense
Tax that a business must pay based on the wages and salaries of its employees, including social security, Medicare, and unemployment taxes.
FICA
The Federal Insurance Contributions Act, which funds Social Security and Medicare, requiring employers and employees to pay a percentage of earnings.
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