What payroll tax form meets the following description: Filed with the IRS,this form summarizes the amount of federal income tax,Social Security,and Medicare withheld from employee paychecks for the quarter?

A) Form 940
B) Form 941
C) Form 944
D) Form 990

Question

Gabriela Pasquier · Accepted Answer

Final Answer : B, Explanation :  Form 941 is the only form among the options that is filed quarterly and reports federal income tax, Social Security, and Medicare taxes withheld from employee paychecks. Form 940 is an annual form reporting federal unemployment taxes. Form 944 is an annual form for small employers who meet certain criteria. Form 990 is not a payroll tax form, but rather a form for tax-exempt organizations to report their financial information.

What payroll tax form meets the following description: Filed with the IRS,this form summarizes the amount of federal income tax,Social Security,and Medicare withheld from employee paychecks for the quarter?

A) Form 940
B) Form 941
C) Form 944
D) Form 990

Definitions

Learning Objectives

Learning Objectives

Related questions

What payroll tax form meets the following description: Filed with the IRS,this form summarizes the amount of federal income tax,Social Security,and Medicare withheld from employee paychecks for the quarter?A) Form 940B) Form 941C) Form 944D) Form 990

Definitions

Learning Objectives

Learning Objectives

Related questions

What payroll tax form meets the following description: Filed with the IRS,this form summarizes the amount of federal income tax,Social Security,and Medicare withheld from employee paychecks for the quarter?

A) Form 940
B) Form 941
C) Form 944
D) Form 990