1. Payroll Taxes, Deposits, and Reports FLASHCARDS

2. Experience rating system A system that rewards an employer for maintaining steady employment conditions by reducing the firm’s state unemployment tax rate Experience rating system

3. Unemployment insurance program A program that provides unemployment compensation through a tax levied on employers Unemployment insurance program

4. Withholding statement Preprinted government form that contains information about an employee’s earnings and tax withholdings for the year Withholding statement

5. Employer's Annual Federal Unemployment Tax Return, Form 940 Preprinted government form used by the employer to report unemployment taxes for the calendar year Employer's Annual Federal Unemployment Tax Return, Form 940

6. EFTPS A system for electronically depositing employment taxes using a telephone or a computer EFTPS

7. For additional reinforcement of accounting terms, visit the crossword puzzle on this Web site.