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What is the difference between Gross Pay and Net Pay for an Employees Paycheck? Which payroll taxes does the employer need to pay? (HINT: they

  1. What is the difference between Gross Pay and Net Pay for an Employees Paycheck?

  1. Which payroll taxes does the employer need to pay? (HINT: they become the Payroll tax expense on the Income Statement)

  1. Which payroll taxes are withheld from the employees paycheck?

  1. What form does an employee need to complete so the employer can determine the federal income tax withholding for an employee?

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