Figure 2-3 -Refer to Figure 2-3.What Do the Outer Arrows Represent in Arrows

question 22

Short Answer

Figure 2-3
-Refer to Figure 2-3.What do the outer arrows represent in the figure?

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Definitions:

FICA Taxes

Taxes collected under the Federal Insurance Contributions Act, funding Social Security and Medicare, deducted from employees' paychecks and matched by employers.

Schedule H

A form used in the United States to report taxes owed for the employment of household help.

W-2C

A form used to correct information previously reported on a Form W-2, Wage and Tax Statement.

Payroll Information

Data related to the salaries, wages, bonuses, net pay, and tax deductions of an employer's employees.