Question 1: What should an employer use to complete Form W-3? Answer: A. O Employee earnings records В. Payroll registers С. O Form 1096 D. Form W-2s Question 2: How is self-employment income calculated? Answer: A. O Self-employment income = Revenue В. O Self-employment income = Revenue + Expenses С. Self-employment income = Revenue - Expenses D. Self-employment income = Expenses Question 3: A flexible spending account is a common type of _ Answer: A. cafeteria plan В. medical plan C. retirement plan D. mandatory deduction
Question 1: What should an employer use to complete Form W-3? Answer: A. O Employee earnings records В. Payroll registers С. O Form 1096 D. Form W-2s Question 2: How is self-employment income calculated? Answer: A. O Self-employment income = Revenue В. O Self-employment income = Revenue + Expenses С. Self-employment income = Revenue - Expenses D. Self-employment income = Expenses Question 3: A flexible spending account is a common type of _ Answer: A. cafeteria plan В. medical plan C. retirement plan D. mandatory deduction
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question

Transcribed Image Text:Question 1: What should an employer use to complete Form W-3?
Answer:
А.
Employee earnings records
В.
O Payroll registers
C.
Form 1096
D.
O Form W-2s
Question 2: How is self-employment income calculated?
Answer:
А.
O Self-employment income = Revenue
В.
Self-employment income = Revenue + Expenses
С.
Self-employment income = Revenue - Expenses
D.
Self-employment income = Expenses
Question 3: A flexible spending account is a common type of
Answer:
А.
cafeteria plan
В.
medical plan
С.
retirement plan
D.
mandatory deduction
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