CPP CPP Payroll Accounting & Reporting 2

Question 1

The deadline for furnishing W-2 forms to employees is:

Accepted Answer

January 31 of the following year

Answer

December 31 of the tax year

Answer

February 15 of the following year

Answer

March 1 of the following year

Question 2

Employer-sponsored health coverage costs are reported on Form W-2 in:

Accepted Answer

Box 12, using Code DD

Answer

Box 1, as taxable wages

Answer

Box 14, as other compensation

Answer

Box 16, as state wages

Question 3

Form W-2c is used to:

Accepted Answer

Correct errors on a previously issued W-2

Answer

Request a replacement SSN from the SSA

Answer

Report additional compensation omitted from the original W-2

Answer

Extend the W-2 furnishing deadline

Question 4

Form 941 is filed on what schedule?

Accepted Answer

Quarterly — due April 30, July 31, October 31, and January 31

Answer

Annually by January 31

Answer

Monthly by the 15th of the following month

Answer

Semi-annually in July and January

Question 5

Which box on Form W-2 reports Medicare wages and tips?

Accepted Answer

Box 5

Answer

Box 1

Answer

Box 3

Answer

Box 16

Question 6

The annual federal unemployment tax return is filed on:

Accepted Answer

Form 940

Answer

Form 944

Answer

Form 941

Answer

Form W-3