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The federal government strongly encourages the use of the Electronic Federal Tax Payment System (EFTPS)....

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Accounting

The federal government strongly encourages the use of the Electronic Federal Tax Payment System (EFTPS). Compared to the paper-based system that has traditionally been used, the EFTPS is far more efficient for the government, which is why its use is encouraged. However, the system also offers a variety of benefits to the employer. In this exercise, you will use the Internet to examine the different uses of the EFTPS and the variety of ways it can benefit the user. Begin by navigating to the EFTPS website (the URL was provided earlier in the chapter) to learn more about the system. Then, search the Internet to discover ways in which the EFTPS proves to be beneficial to employers. Write a paragraph of at least six sentences in which you first describe the various uses of the EFTPS and then discuss how it provides benefits to the user. Be certain to focus on benefits yielded to the employer and not to the government.

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