If an employee has a Form W-4 from 2019 on file with their employer, and then needs to adjust his/her filing status:

a.The employee can choose whether to file a new W-4 or stamp 'modified' on the existing one.

b.The employee must file a W-4 from 2020 or later.

c.The employee is not allowed to adjust his/her filing status.

d.The employee must file a W-4 from 2019, as that was the original o

Payments made to independent contractors that are incorporated must be reported on a(n):

a.1099-NEC (for all types of companies)

b.1099-EC

c.W-2

d.1099-NEC but only if the corporation's payments are medical or health-care related

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The percentage method of withholding method for FIT

a.is available from your local state revenue office.

b.must be used for earners under $50,000/year.

c.is a statutory percentage that indicates, based on filing status, how much tax should be withheld, depending on how often the employee is paid.

d.can be calculated by looking at an employee's W-4.

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For state income tax reporting purposes, an annual statement is used to

a.Report minimum wage and hours worked to the respective state's revenue department

b.Reconcile tax withheld with tax deposited.

c.show employees the amount of wages paid during the year and state income tax withholdings from those wages.

In the tax tables that an employer uses when an employee has a Form W-4 on file from 2019 or earlier:

a.There is no differentiation between tables for married and tables for unmarried persons.

b.There is a differentiation between tables for married and tables for unmarried persons.

c.There are specific differences between special allowances claimed and personal allowances claimed.

d.There are tables for employees that plan on itemizing deductions and tables for employees that plan on taking the standardized deduction.

Janet Hengum is single, claims two allowances and earns $1,250 weekly; her W-4 is from 2019. Compute Hengum's tax using the percentage method.

a.$121.68

b.$105.12

c.$83.05

If an employee experiences a decrease in the number of allowances that he is eligible to claim, he:

a.must file an amended W-4.

b.can decide whether he wishes to amend his W-4 or not.

c.must immediately send the IRS a new W-4.

d.must furnish a new certificate on the first payroll period ending on or after the 30th day that he finds out about the decrease in withholding allowances.

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If an employee has a Form W-4 from 2019 or earlier on file with their employer:

a.It is appropriate to claim the same withholding allowance(s) with more than employer at the same time.

b.The situation is exactly the same from a tax withholding perspective as if the employee had a 2020 W-4 on file.

c.He/she must update it to a 2020 W-4 immediately.

d.A personal allowance is appropriate for the employee and for each qualified dependent (provided they are not claimed on another person's tax return).

The percentage of withholding tables is utilized to determine federal income tax withholding based on how many different rates?

a.seven

b.two

c.six

d.eight

Employer-provided parking is exempt from FIT withholding if:

a.it is $270 or less per month.

b.it is a benefit included in a cafeteria plan only.

c.it is $3600 or less per year.

d.the employee utilizes a car-share program to commute.

d.$220.40

d.Inform the respective state revenue department as to status of all independent contractor payments