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

Since 2017, the SSA filing deadline for both paper and electronic W-2 submissions is January 31, matching the employee furnishing deadline.

Question 2

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

Accepted Answer

Dependent care benefits

Answer

Box 10 reports the total dependent care benefits provided under a dependent care assistance program (DCAP), including employer contributions and employee salary reductions through a FSA.

Question 3

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

Accepted Answer

Code W

Answer

Code W in Box 12 reports employer contributions to an employee's HSA, including both direct employer contributions and employee payroll-deducted amounts.

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 945 (Annual Return of Withheld Federal Income Tax) is used to report and reconcile federal income tax withheld from non-payroll payments including pensions, annuities, and gambling winnings.

Question 5

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

Accepted Answer

Code E

Answer

Code E in Box 12 reports elective deferrals to a Section 403(b) tax-sheltered annuity plan, commonly used by employees of educational institutions and nonprofits.

CPP - Certified Payroll Professional Practice Test

CPP - Certified Payroll Professional Practice Test

CPP Year-End Reporting & W-2 Processing 3