HEALTHSAVINGSACCOUNT(HSA)HSA PLANSUNUSED FUNDSROLL OVEREACH YEAR ANDCONTINUE TOGROW WITHACCOUNT.INCOMESTATEMENTREPORTS ALLREVENUE ANDEXPENSESFOR ASPECIFIC TIMEPERIODCAFETERIAPLANS“SECTION 125”PLANS USUALLYPRE-TAX TO MAKEEMPLOYER-SPONSOREDBENEFITS MOREAFFORDABLE FOREMPLOYEES.401KEXCLUDED FROMFEDERAL TAX BUTARE SUBJECT TOSOCIAL SECURITYAND MEDICARETAXES.HUNDREDTHHOURSYSTEMNUMBER OFMINUTES INPARTIAL HOURDIVIDED BY 60MINUTES PERHOURFRINGEBENEFITSCOMPENSATIONTHATEMPL0YERS USETO REWARD ANEMPLOYEE FORCOMPANYSERVICE.QUARTER-HOURSYSTEM8hr 6 min =8 hours8hr 9 mins =8.25 hoursSEMIMONTHLY24 PAYDISBURSEMENTFOR A YEAR BALANCESHEETREPORTCONTAINSASSESTS ANDLIABILITIES OFA BUSINESS ONA SINGLE DATEFLEXIBLESPENDINGARRANGEMENT(FSA)FSA ANYUNUSED FUNDSAT END OF THEPLAN YEAR MAYNOT BEACCESSEDAFTERWARD.6.2%SOCIALSECURITYTAX ON FIRST$160,200 OFWAGESEARNED$2000.00AMOUNT TOCLAIM FOREACHDEPENDENTUNDER 17YEARS OF AGEIRCAIMMIGRATIONREFORM ANDCONTROL ACT OF1986: REQUIRESEMPLOYERS TOVERIFY THEEMPLOYEE’S LEGALRIGHT TO WORK INUNITED STATES.EINEMPLOYERIDENTIFICATIONNUMBERS: THEWAY THE FEDERALGOVERNMENTKEEPS TRACK OFEMPLOYER PAYRATEAMOUNT PERHOUREMPLOYEESRECEIVE FORTHEIR LABOR WAGEBRACKET ANDPRECENTAGEMETHODTWO WAYS TOCALCULATEFEDERALINCOMETAXESACCOUNTINGEQUATIONASSESTS=LIABILITIES+ OWNERS EQUITYFUTA6.0% OF 1ST$7,000 OF ANEMPLOYEESWAGES DURINGCALENDARYEAR1.45%MEDICARETAX ONWAGESEARNED.SUTARATES ANDWAGEBASE VARYBETWEENSTATES.PAYROLLREGISTERINTERNAL TOOLUSED TOENSUREACCURACY OFEMPLOYEECOMPENSATIONFORM941EMPLOYERSUSE THIS FORMTO REPORTQUARTERLYTAXESDEPOSITED ANDTAXES DUEBI-WEEKLYTWO-WEEKPERIODRECEIVES 26PAYDISBURSEMENTFOR A YEAR PUBLICATION15 TIRSPUBLICATIONFOR INCOMETAXCALCULATIONSHEALTHSAVINGSACCOUNT(HSA)HSA PLANSUNUSED FUNDSROLL OVEREACH YEAR ANDCONTINUE TOGROW WITHACCOUNT.INCOMESTATEMENTREPORTS ALLREVENUE ANDEXPENSESFOR ASPECIFIC TIMEPERIODCAFETERIAPLANS“SECTION 125”PLANS USUALLYPRE-TAX TO MAKEEMPLOYER-SPONSOREDBENEFITS MOREAFFORDABLE FOREMPLOYEES.401KEXCLUDED FROMFEDERAL TAX BUTARE SUBJECT TOSOCIAL SECURITYAND MEDICARETAXES.HUNDREDTHHOURSYSTEMNUMBER OFMINUTES INPARTIAL HOURDIVIDED BY 60MINUTES PERHOURFRINGEBENEFITSCOMPENSATIONTHATEMPL0YERS USETO REWARD ANEMPLOYEE FORCOMPANYSERVICE.QUARTER-HOURSYSTEM8hr 6 min =8 hours8hr 9 mins =8.25 hoursSEMIMONTHLY24 PAYDISBURSEMENTFOR A YEAR BALANCESHEETREPORTCONTAINSASSESTS ANDLIABILITIES OFA BUSINESS ONA SINGLE DATEFLEXIBLESPENDINGARRANGEMENT(FSA)FSA ANYUNUSED FUNDSAT END OF THEPLAN YEAR MAYNOT BEACCESSEDAFTERWARD.6.2%SOCIALSECURITYTAX ON FIRST$160,200 OFWAGESEARNED$2000.00AMOUNT TOCLAIM FOREACHDEPENDENTUNDER 17YEARS OF AGEIRCAIMMIGRATIONREFORM ANDCONTROL ACT OF1986: REQUIRESEMPLOYERS TOVERIFY THEEMPLOYEE’S LEGALRIGHT TO WORK INUNITED STATES.EINEMPLOYERIDENTIFICATIONNUMBERS: THEWAY THE FEDERALGOVERNMENTKEEPS TRACK OFEMPLOYER PAYRATEAMOUNT PERHOUREMPLOYEESRECEIVE FORTHEIR LABOR WAGEBRACKET ANDPRECENTAGEMETHODTWO WAYS TOCALCULATEFEDERALINCOMETAXESACCOUNTINGEQUATIONASSESTS=LIABILITIES+ OWNERS EQUITYFUTA6.0% OF 1ST$7,000 OF ANEMPLOYEESWAGES DURINGCALENDARYEAR1.45%MEDICARETAX ONWAGESEARNED.SUTARATES ANDWAGEBASE VARYBETWEENSTATES.PAYROLLREGISTERINTERNAL TOOLUSED TOENSUREACCURACY OFEMPLOYEECOMPENSATIONFORM941EMPLOYERSUSE THIS FORMTO REPORTQUARTERLYTAXESDEPOSITED ANDTAXES DUEBI-WEEKLYTWO-WEEKPERIODRECEIVES 26PAYDISBURSEMENTFOR A YEAR PUBLICATION15 TIRSPUBLICATIONFOR INCOMETAXCALCULATIONS

PAYROLL BINGO - Call List

(Print) Use this randomly generated list as your call list when playing the game. There is no need to say the BINGO column name. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.


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  1. HSA PLANS UNUSED FUNDS ROLL OVER EACH YEAR AND CONTINUE TO GROW WITH ACCOUNT.
    HEALTH SAVINGS ACCOUNT (HSA)
  2. REPORTS ALL REVENUE AND EXPENSES FOR A SPECIFIC TIME PERIOD
    INCOME STATEMENT
  3. “SECTION 125” PLANS USUALLY PRE-TAX TO MAKE EMPLOYER-SPONSORED BENEFITS MORE AFFORDABLE FOR EMPLOYEES.
    CAFETERIA PLANS
  4. EXCLUDED FROM FEDERAL TAX BUT ARE SUBJECT TO SOCIAL SECURITY AND MEDICARE TAXES.
    401K
  5. NUMBER OF MINUTES IN PARTIAL HOUR DIVIDED BY 60 MINUTES PER HOUR
    HUNDREDTH HOUR SYSTEM
  6. COMPENSATION THAT EMPL0YERS USE TO REWARD AN EMPLOYEE FOR COMPANY SERVICE.
    FRINGE BENEFITS
  7. 8hr 6 min = 8 hours 8hr 9 mins = 8.25 hours
    QUARTER-HOUR SYSTEM
  8. 24 PAY DISBURSEMENT FOR A YEAR
    SEMIMONTHLY
  9. REPORT CONTAINS ASSESTS AND LIABILITIES OF A BUSINESS ON A SINGLE DATE
    BALANCE SHEET
  10. FSA ANY UNUSED FUNDS AT END OF THE PLAN YEAR MAY NOT BE ACCESSED AFTERWARD.
    FLEXIBLE SPENDING ARRANGEMENT (FSA)
  11. SOCIAL SECURITY TAX ON FIRST $160,200 OF WAGES EARNED
    6.2%
  12. AMOUNT TO CLAIM FOR EACH DEPENDENT UNDER 17 YEARS OF AGE
    $2000.00
  13. IMMIGRATION REFORM AND CONTROL ACT OF 1986: REQUIRES EMPLOYERS TO VERIFY THE EMPLOYEE’S LEGAL RIGHT TO WORK IN UNITED STATES.
    IRCA
  14. EMPLOYER IDENTIFICATION NUMBERS: THE WAY THE FEDERAL GOVERNMENT KEEPS TRACK OF EMPLOYER
    EIN
  15. AMOUNT PER HOUR EMPLOYEES RECEIVE FOR THEIR LABOR
    PAY RATE
  16. TWO WAYS TO CALCULATE FEDERAL INCOME TAXES
    WAGE BRACKET AND PRECENTAGE METHOD
  17. ASSESTS=LIABILITIES + OWNERS EQUITY
    ACCOUNTING EQUATION
  18. 6.0% OF 1ST $7,000 OF AN EMPLOYEES WAGES DURING CALENDAR YEAR
    FUTA
  19. MEDICARE TAX ON WAGES EARNED.
    1.45%
  20. RATES AND WAGE BASE VARY BETWEEN STATES.
    SUTA
  21. INTERNAL TOOL USED TO ENSURE ACCURACY OF EMPLOYEE COMPENSATION
    PAYROLL REGISTER
  22. EMPLOYERS USE THIS FORM TO REPORT QUARTERLY TAXES DEPOSITED AND TAXES DUE
    FORM 941
  23. TWO-WEEK PERIOD RECEIVES 26 PAY DISBURSEMENT FOR A YEAR
    BI-WEEKLY
  24. IRS PUBLICATION FOR INCOME TAX CALCULATIONS
    PUBLICATION 15 T