Payroll MCQs

The term "statutory employee" refers to ______________.

The term "payroll period" refers to ____________.

On which of the following financial statements is Payroll Expense reported?

What is an EIN?

What is the purpose of a time card?

What is the current employer tax rate for FICA social security and medicare?

Which form is needed for independent contractors or vendors who are seeking payment for their products/services?

Which form is used to correct an employees reported wages to IRS after W-2's have been issued?

Which tax return is used to file federal annual employer paid taxes?

What form must a contractor include to not be considered an employee?