A report of employer's quarterly federal tax return (showing all wages subject to tax and amounts withheld for income tax and FICA)is called
A)form W-2.
B)form W-3.
C)form 1099-Misc.
D)form 941.

Question

Quizplus · Accepted Answer

Form 941 is the employer's quarterly federal tax return which shows all wages subject to tax and amounts withheld for income tax and FICA. Form W-2 shows an employee's wages and tax withholdings for the year, form W-3 is a transmittal form for multiple W-2s, and form 1099-Misc is used to report payments to non-employees.

A Report of Employer's Quarterly Federal Tax Return (Showing All