Question1 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 question Question2 Total taxes before adjustments are $7,803 15 and total deposits for the quarter are $7,803 17, and the difference between the amounts is due to rounding On what line of Form 941 is the difference recorded Answer A 7 (Current quarter's adjustment for fractions of cents) B 11d (Total nonrefundable credits) C 13b (Reserved for future use) D Differences less than a dollar are not recorded on Form 941 Question3 If the total accumulated tax owed by an employer exceeds $100,000 at the end of any day, the is triggered Answer A Electronic Federal Tax Payment System B lookback period C monthly depositor status D next day deposit rule Question4 The only piece of information that is required on Form 941 V but is NOT required on Form 940 V is the Answer A EIN B amount of payment C tax period D business address

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Question: Question1: The third-party designee sections in both Form 941 and Form 940 require that the employer select a _____. Answer: A. username B. password C.

Question1: The third-party designee sections in both Form 941 and Form 940 require that the employer select a _____.

Answer:

username

password

five-digit PIN

D.	secret question

Question2: Total taxes before adjustments are $7,803.15 and total deposits for the quarter are $7,803.17, and the difference between the amounts is due to rounding. On what line of Form 941 is the difference recorded?

Answer:

7 (Current quarter's adjustment for fractions of cents)

11d (Total nonrefundable credits)

13b (Reserved for future use)

D.	Differences less than a dollar are not recorded on Form 941.

Question3: If the total accumulated tax owed by an employer exceeds $100,000 at the end of any day, the _____ is triggered.

Answer:

Electronic Federal Tax Payment System

lookback period

monthly depositor status

D.	next-day deposit rule

Question4: The only piece of information that is required on Form 941-V but is NOT required on Form 940-V is the _____.

Answer:

EIN

amount of payment

tax period

D.	business address

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