September 19, 2023

What Is FICA On My Paystub?

This means that no matter how much an employee makes, the employer would deduct a total of 2.9 percent for the Medicare tax. The employer and […]
February 22, 2023

Contra accounts definition

Companies that issue bonds are likely to use contra liability accounts. If the bond is sold at a discount, the company will record the cash received […]
November 7, 2022

5 8 Retained earnings

Because expenses have yet to be deducted, revenue is the highest number reported on the income statement. Revenue is the income earned from selling goods or […]
August 12, 2022

What Is Payroll Automation? 4 Benefits of an Automated System

Payroll administrators can easily manage and adjust to the navigation of the software with prior knowledge and experience. “The customer service has been great; training has […]
July 1, 2021

What is FUTA? An Employers Guide to Unemployment Tax

A payroll processing service can help you figure out how much to pay and when. You will need this total for all employees for the FUTA […]