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4 Cards in this Set
- Front
- Back
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What is form W-4?
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Employee's Withholding Allowance Certificate
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How long must the employer keep an employee's W-4 form?
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Employers must retain each W-4 form for at least 4 years after the date the last tax return was due using information from the from.
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Explain the principle of contructiive payment.
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Contructive payment indicate the point of time when an employee has the ability to control the payments for service from an employer.
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Why is the date of actual or constructive payment of wages important?
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The date of actual or constructive payment is important because it determines when wages are taxed and reported and at what rates.
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