 Welcome to Unit 9 of PRDV204 Payroll Applications. In this unit, we will explore payroll tax deposits and the issuing of statements. You've learned that an employer is required by law to collect taxes from an employee. This is done in three layers. First, taxes are collected from an employee. Then, the employer matches these taxes. And finally, taxes are collected from the employer. We'll also talk about the IRS forms 941 and 940. The 941 is an employer's quarterly federal tax return. Meanwhile, the 940 is used to deposit the annual FUTA or federal unemployment tax. Be mindful that FUTA is a tax only paid by the employer and is one of many taxes used to support the payment of unemployment insurance. Finally, you will learn about tax statements or W-2s and the associated wage laws. You're almost there. I'll see you at the beginning of Unit 10. Good luck.