What is purpose of Federal Form 940? Multiple Choice Summarize the amount of federal income tax, Social Security, and Medicare withheld from employee paychecks for the year Summarize the amount of federal income tax, Social Security, and Medicare withheld from employee paychecks for the quarter Summarize the amount of unemployment tax paid and due by the compeny Summarize of all your W-2 forrms Sales taxes are: 3 Multiple Choice Charged on sales to other retailers Paid by the retailer on sales to vendors Paid by the vendor Charged on retail sales to customers