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8 Cards in this Set
- Front
- Back
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Chapter 8 T/F Question 5
Employers are entitiled to a 10-day filing extension for Form 941 if they have deposited all payroll taxes when due throughout the quarter. |
Chapter 8 T/F Answer 5
True |
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Chapter 8 T/F Question 6
An EIN is obtained from the Socail Security Administration using Form SS-4 |
Chapter 8 T/F Answer 6
False - Form SS-4 is filed with the IRS, not the SSA. |
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Chapter 8 T/F Question 7
If a semiweekly period overlaps quarters and you have two paydays-one in each quarter-you can choose which quarter to include the wages for purposes of making payroll tax deposits. |
Chapter 8 T.F Answer 7
False - This scenario creates 2 separate deposit obligations that must be satisfied by the same day. |
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Chapter 8 T/F Question 8
A new EIN is necessary if a new corporation emerges from a consolidation that does not qualify as a reorganization. |
Chapter 8 T/F Answer 8
True |
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Chapter 8 Multiple Question 5
If a monthly depositor accumulates $100,000 in tax liability on any day during a month, how does this affect the employer's depositor status? |
Chapter 8 Multiple Answer 5
C. becomes a semiweekly for the rest of the current year and all of next year. |
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Chapter 8 Multiple Question 6
What is the form 941 tax deposit lookback period ofr calendar year 2010? |
Chapter 8 Multiple Answer 6
C. July 1, 2008 - June 30, 2009 |
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Chapter 8 Multiple Question 7
When must a semiweekly depositor with a Friday payday deposit its employment tax liability? |
Chapter 8 Multiple Answer 7
The following Wednesday |
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Chapter 8 Multiple Question 8
What are the due dates for Form W-2? |
Chapter 8 Multiple Answer 8
To employees by Jan. 31 and to SSA by the last day of February (March 31 if filed electronically) |
