Question: Question 1: What is the due date for eling Form W-3? Answer: A. 0 March 31 3- 0 January 31 C. 0 March 1 D.

Question 1: What is the due date for eling Form W-3? Answer: A. 0 March 31 3- 0 January 31 C. 0 March 1 D. 0 It depends on the state. Question 2: Julio has $10 withheld from every paycheck to be used as a donation to a local charity. When his employer pays these withheld amounts to the charity, what type of account is debited? Answer: A- 0 Asset B. l 0 Liability c. 0 Revenue D. l O Expense Question 3: Identify the incorrect statement regarding EFTPS. Answer: A. C It's a free. online service for remitting federal tax payments. 5- 0 Payments can be made via phone, Internet, or wire transfer. c. 0 When using the EFTPS, payments are due by 11 :59 pm. on the tax due date. D. C Requirements for use include enrollment and setting up a unique PIN. Question 4: If code D (deferrals under a 401 (k) plan) is entered on line 12a of Form W2, what other box must be completed? Answer: A. 0 10 (Dependent care benets) 0 11 (Nonqualied plans) 0 13 (Retirement Plan checkbox) O 14 (Other) I Question 5: Match the payment due dates with the type of depositor. Following Friday Following Wednesday 15th of the next month DROP HERE DROP HERE DROP HERE Question 6: Which of the following is a true statement regarding the W2 Form? Answer: A- O Employers must submit the W-2 Form regardless of the amount of compensation paid to employees. 3- 0 Sending a copy of the W-2 Form to the employee is optional. C. O The control number on the W-2 Form must be completed by the employer. D. C' The W-2 Form includes both federal and state tax information. Question 7: Which copy of the W-2 Form is submitted by the employer to the Social Security Administration? Answer: Question 8: Match each form relating to independent contractors to its intended purpose. Form 1099-NEC DROP HERE Form W-9 DROP HERE Form 1096 DROP HERE Question 9: The third-party designee sections in both Form 941 and Form 940 require that the employer select a Answer: A. username B. password C. five-digit PIN D. secret questionQuestion 10: FUTA tax must be remitted if the total FUTA tax owed exceeds $300 as of the end of the 2nd quarter. Answer: A. OTrue B. False

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

What is the due date for e-filing Form W-3? March 31 January 31 March 1 (It depends on the state

Could solve these questions ? QUESTION 1 Particle Manufacturing Company had the following account balances for the quarter ending March 31: Work-in-process inventory (January 1) $ 140,700...

need this done by the 12th. please follow the directions. There are 2 problems. the 2nd problem needs a 941, 940 and OH SUTA form with it. thanks Final Exam - Problem 2 941, SUTA and 940 Tax Return...

I'm needing help with this assignment. I have upload everything for the assignment including the forms. Form 940 for 2013: Employer's Annual Federal Unemployment (FUTA) Tax Return Department of the...

Question 1 Read the case study ?Wi R Tools? below and answer the questions which follow. Wi R Tools Until recently, Winston Roberts has worked as a successful local handyman for a number of years and...

filling out forms 940 and 941, you use the information taken from the payroll project chapter 7 file to fill out these forms Thanks. DEPARTMENT OCCUPATION WORKS IN (STATE) Plant Mixer Operator SEX M...

Transmittal of Wage and Tax Statements a Control Number 2022 OMB No. 1545-0008 i 33333 b 941 Military 943 944 Kind of Hshld. Medicare Payer CT-1 emp. govt. emp. (Check one) / None apply 501c...

Required information Skip to question [The following information applies to the questions displayed below.] Certain transactions and procedures relating to federal and state unemployment taxes follow...

A mail-order firm considers three possible events in filling an order: A: The wrong item is sent. B: The item is lost in transit. C: The item is damaged in transit. Assume that A is independent of...

Write Lewis formulas for the following molecules: a. CO b. BrCN c. N2F2

Contribution margin Harry Company sells 3 9 , 0 0 0 units at $ 3 1 per unit. Variable costs are $ 2 1 . 0 8 per unit, and fixed costs are $ 1 5 8 , 6 0 0 . Determine ( a ) the contribution margin...

Hugo decides to buy his Christmas gifts on Black Friday. To simplify his life, he is giving his 10 closest friends scarves for Christmas and everyone else Christmas cards. Hugo is willing to pay up...