Solved

Match the Description with the Accounting Terms

Question 81

Matching

Match the description with the accounting terms

Premises:

Responses:

Another term for Experience rating system

Experience rating system

Another term for Wage and Tax Statement, Form W-2

Employer's Quarterly Federal Tax Return, Form 941

A program that provides unemployment compensation through a tax levied on employers

Withholding statement

Preprinted government form used by the employer to report unemployment taxes for the calendar year

Wage and Tax Statement, Form W-2

Preprinted government form submitted with Forms W-2 to the Social Security Administration

Merit rating system

A system that rewards an employer for maintaining steady employment conditions by reducing the firm's state unemployment tax rate

Employer's Annual Federal Unemployment Tax Return, Form 940

Preprinted government form used by the employer to report payroll tax information relating to social security, Medicare, and employee income tax withholding to the Internal Revenue Service

Transmittal of Wage and Tax Statements, Form W-3

Preprinted government form that contains information about an employee's earnings and tax withholdings for the year

Unemployment insurance program

Premises:

Another term for Experience rating system

Another term for Wage and Tax Statement, Form W-2

A program that provides unemployment compensation through a tax levied on employers

Preprinted government form used by the employer to report unemployment taxes for the calendar year

Preprinted government form submitted with Forms W-2 to the Social Security Administration

A system that rewards an employer for maintaining steady employment conditions by reducing the firm's state unemployment tax rate

Preprinted government form used by the employer to report payroll tax information relating to social security, Medicare, and employee income tax withholding to the Internal Revenue Service

Preprinted government form that contains information about an employee's earnings and tax withholdings for the year

Responses:

Experience rating system

Employer's Quarterly Federal Tax Return, Form 941

Withholding statement

Wage and Tax Statement, Form W-2

Merit rating system

Employer's Annual Federal Unemployment Tax Return, Form 940

Transmittal of Wage and Tax Statements, Form W-3

Unemployment insurance program

Correct Answer:

Premises:

Responses:

Another term for Experience rating system

Another term for Wage and Tax Statement, Form W-2

A program that provides unemployment compensation through a tax levied on employers

Preprinted government form used by the employer to report unemployment taxes for the calendar year

Preprinted government form submitted with Forms W-2 to the Social Security Administration

A system that rewards an employer for maintaining steady employment conditions by reducing the firm's state unemployment tax rate

Preprinted government form used by the employer to report payroll tax information relating to social security, Medicare, and employee income tax withholding to the Internal Revenue Service

Preprinted government form that contains information about an employee's earnings and tax withholdings for the year