1. Schedule A (Form 940) is used in which of the following circumstance?

A.

The employer pays SUTA tax in two states.

B.

The employer does not pay FUTA tax until the 4th quarter of the year.

C.

The employer pays SUTA tax in four states.

D.	The employer operates in a credit-reduction state.

2. Employers must furnish all employees with copies of the W-2 Form by January 31.

A.

True

B.

False

3. Form 941 is due by the last day of the first month after each quarter has ended.

A.

True

B.

False

4. Because Form 940 may not be remitted with a payment, no payment voucher can accompany the form.

A.

True

B.

False

5. The lookback period runs from July 1 through June 30.

A.

True

B.

False

6. The total for Schedule A (Form 940) also appears on the first page of Form 940.

A.

True

B.

False

7. Total taxes owed, against which total deposits are compared, are reported on which line of Form 941?

A.

Line 2

B.

Line 10

C.

Line 11

D.

Line 12

8. FUTA tax must be remitted if the total FUTA tax owed exceeds $300 as of the end of the 2nd quarter.

A.

True

B.

False

9. Which of the following taxes, when required to be paid, is due by the last day of the first month after a quarter ends?

A.

Social Security tax

B.

Federal income tax

C.

FUTA tax

D.	Medicare tax

10. Which of the following is a true statement regarding the W-2 Form?

A.

Employers must submit the W-2 Form regardless of the amount of compensation paid to employees.

B.

Sending a copy of the W-2 Form to the employee is optional.

C.

The control number on the W-2 Form must be completed by the employer.

D.	The W-2 Form includes both federal and state tax information.

11. The W-3 Form is submitted to the Social Security Administration independent of all other federal forms.

A.

True

B.

False

12. Which of the following items is not reported on the W-2 Form?

A.

Dependent care benefits

B.

Union dues

C.

Hours worked

D.	State income tax withheld

13. When an employer remits a federal tax payment via a check sent through the United States Postal Service, the check must arrive by the form's due date.

A.

True

B.

False

14. The next-day deposit rule is triggered when taxes owed at the end of a day are greater than what amount?

A.

$500

B.

$2,500

C.

$50,000

D.

$100,000

15. Which of the following appears on the W-3 Form but does not appear on the W-2 Form?

A.

Federal income tax withheld

B.

Kind of payer

C.

Social Security wages

D.	Dependent care benefits

16. What is the annual federal tax threshold, above which an employer is deemed to be a semiweekly depositor?

A.

$500

B.

$7,000

C.

$50,000

D.

$118,500

17. Which of the following is the due date for Form 940 when it is submitted without a payment?

A.

January 1

B.

January 15

C.

January 31

D.	February 10

18. Multiple due dates can apply to the W-3 Form, depending on whether a paper version is filed or the form is e-filed

A.

True

B.

False