Payroll MCQs

The term "cumulative method of withholding" refers to ______________.

A company must file Form W3 every year by _____________.

The term "statutory employee" refers to ______________.

The term "payroll period" refers to ____________.

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

How long should a W-4 be kept on file?

How long should an employer retain payroll information?

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?