Employers are legally required to make tax deposits on time and to report the earnings of each employee. Employers must pay taxes in addition to the amounts withheld from their employees. This is an expense for the business. 

• Record payroll transactions in the general journal.

• Describe the employer’s payroll taxes.

• Compute and complete payroll tax expense forms.

• Record the payment of tax liabilities in the general journal.

• Complete payroll tax reports.

TCA 3