CPP Year-End Reporting & W-2 Processing 3

Question 1

What is the deadline for filing Copy A of Form W-2 with the Social Security Administration?

Accepted Answer

January 31

Answer

February 28

Answer

March 15

Answer

April 15

Question 2

What is reported in Box 10 of Form W-2?

Accepted Answer

Dependent care benefits

Answer

Nonqualified deferred compensation

Answer

Adoption assistance benefits

Answer

Educational assistance payments

Question 3

What Box 12 code reports employer contributions to an employee's Health Savings Account (HSA)?

Accepted Answer

Code W

Answer

Code DD

Answer

Code V

Answer

Code R

Question 4

Which year-end form reconciles federal income tax withheld from non-payroll items such as pensions and gambling winnings?

Accepted Answer

Form 945

Answer

Form 941

Answer

Form 944

Answer

Form 940

Question 5

What Box 12 code reports elective deferrals to a Section 403(b) tax-sheltered annuity plan?

Accepted Answer

Code E

Answer

Code D

Answer

Code G

Answer

Code F

Question 6

When corrected W-2c forms are filed with the SSA, what accompanying form must also be submitted?

Accepted Answer

Form W-3c

Answer

Form W-3R

Answer

Form 941-X

Answer

Form 945-X

Question 7

What is the backup withholding rate applied when a payee fails to furnish a correct Taxpayer Identification Number (TIN)?

Accepted Answer

24%

Answer

22%

Answer

28%

Answer

30%