Question 1
A report of employer's quarterly federal tax return (showing all wages subject to tax and amounts withheld for income tax and FICA) is called
◦ form W-2.
◦ form W-3.
◦ form 1099-Misc.
◦ form 941.
Question 2
A
workforce inventory report
◦ is filed each quarter to reconcile monthly tax payments with total tax liability for the quarter.
◦ is used in preparing labor-related reports for government agencies.
◦ is used for employee information and annual payroll reports.
◦ is used to document compliance with applicable regulations.