CPP Year-End Reporting & W-2 Processing 2

Question 1

What form is used to correct errors on a previously issued W-2?

Accepted Answer

Form W-2c

Answer

Form W-2R

Answer

Form W-3c

Answer

Form 941-X

Question 2

What Box 12 code on Form W-2 reports the cost of employer-sponsored health coverage under the ACA?

Accepted Answer

Code DD

Answer

Code W

Answer

Code FF

Answer

Code CC

Question 3

Starting with tax year 2023, at what threshold are employers required to file W-2 forms electronically with the SSA?

Accepted Answer

10 or more forms

Answer

250 or more forms

Answer

100 or more forms

Answer

50 or more forms

Question 4

How long must an employer retain an undeliverable W-2 form that is returned by the postal service?

Accepted Answer

4 years

Answer

1 year

Answer

2 years

Answer

7 years

Question 5

What Box 12 code reports designated Roth contributions to a 401(k) plan?

Accepted Answer

Code AA

Answer

Code D

Answer

Code BB

Answer

Code EE

Question 6

What type of information is reported in Box 14 of Form W-2?

Accepted Answer

Other employer-discretionary information

Answer

State income tax withheld

Answer

Local income tax withheld

Answer

Federal income tax withheld

Question 7

Which IRS form is used to report non-employee compensation of $600 or more paid to independent contractors?

Accepted Answer

Form 1099-NEC

Answer

Form 1099-MISC

Answer

Form 1099-K

Answer

Form W-2G