Form 941 is prepared by the employer on a quarterly basis to record all of the following payroll taxes except:

Question

Quizplus · Accepted Answer

Form 941 is used by employers to report and pay Social Security tax, Medicare tax, and federal income tax withholding from employees' wages. FUTA (Federal Unemployment Tax Act) is a separate tax that is reported and paid annually on Form 940. Therefore, option A is the correct answer.

Form 941 Is Prepared by the Employer on a Quarterly