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Match the Correct Definitions Below with the Terms

Question 95

Matching

Match the correct definitions below with the terms.

Premises:

Responses:

Tax form that represents the employer's annual unemployment tax return

Form W-4

Tax form that shows the employees' withholdings for federal income tax and FICA tax as well as the employer's FICA

SUTA tax

State tax used for paying subsistence benefits to unemployed workers

Employee's individual earnings record

The source of information for the W-2 form

Worker's compensation insurance

A form specifying the number of exemptions claimed by an employee

Form 940

Tax form that shows the employee's annual gross earnings and the taxes withheld

FICA Medicare

Federal tax paid by the employee and matched by the employer

Form 941

An annual report filed by the employer and sent to the Social Security Administration showing wages, tips, and tax withholdings of the firm's employees

FUTA tax

Insurance paid primarily by the employer that provides benefits for employees injured or killed on the job

Form W-3

Federal tax levied on the employer only

Form W-2

Premises:

Tax form that represents the employer's annual unemployment tax return

Tax form that shows the employees' withholdings for federal income tax and FICA tax as well as the employer's FICA

State tax used for paying subsistence benefits to unemployed workers

The source of information for the W-2 form

A form specifying the number of exemptions claimed by an employee

Tax form that shows the employee's annual gross earnings and the taxes withheld

Federal tax paid by the employee and matched by the employer

An annual report filed by the employer and sent to the Social Security Administration showing wages, tips, and tax withholdings of the firm's employees

Insurance paid primarily by the employer that provides benefits for employees injured or killed on the job

Federal tax levied on the employer only

Responses:

Form W-4

SUTA tax

Employee's individual earnings record

Worker's compensation insurance

Form 940

FICA Medicare

Form 941

FUTA tax

Form W-3

Form W-2

Correct Answer:

Premises:

Responses:

Tax form that represents the employer's annual unemployment tax return

Tax form that shows the employees' withholdings for federal income tax and FICA tax as well as the employer's FICA

State tax used for paying subsistence benefits to unemployed workers

The source of information for the W-2 form

A form specifying the number of exemptions claimed by an employee

Tax form that shows the employee's annual gross earnings and the taxes withheld

Federal tax paid by the employee and matched by the employer

An annual report filed by the employer and sent to the Social Security Administration showing wages, tips, and tax withholdings of the firm's employees

Insurance paid primarily by the employer that provides benefits for employees injured or killed on the job

Federal tax levied on the employer only