Payroll MCQs

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 purpose of Form 940?

The term "withholding allowance" refers to ______________.

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?

Which tax can you elect to be paid for in advance in your check if you qualify?

A employee garnishment is usually taken out of an employee's check when?