62.   The required form that is to be provided to the employee as well as to the Social Security Administration each year, showing an employee’s earnings and taxes withheld is the a. Employment Withholding Allowance Certificate (Form 940) b. Employer's Quarterly Federal Tax Return (Form 941) c. Wage and Tax Statement (Form W-2) d. Corporate Income Tax Return (Form 1120)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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____   62.   The required form that is to be provided to the employee as well as to the Social Security Administration each year, showing an employee’s earnings and taxes withheld is the

a.

Employment Withholding Allowance Certificate (Form 940)

b.

Employer's Quarterly Federal Tax Return (Form 941)

c.

Wage and Tax Statement (Form W-2)

d.

Corporate Income Tax Return (Form 1120)

____   63.   When a partnership is formed, assets contributed by the partners should be recorded on the partnership books at their

a.

book values on the partners' books prior to their being contributed to the partnership

b.

fair market value at the time of the contribution

c.

original costs to the partner contributing them

d.

assessed values for property tax purposes

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