Question 7: Which of these taxes is NOT remitted with Form 941? Answer: A. O Federal income tax В. O Federal unemployment tax C. Social Security tax D. O Medicare tax

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question 7: Which of these taxes is NOT remitted with Form 941?
Answer:
A.
Federal income tax
В.
Federal unemployment tax
С.
Social Security tax
D.
Medicare tax
Transcribed Image Text:Question 7: Which of these taxes is NOT remitted with Form 941? Answer: A. Federal income tax В. Federal unemployment tax С. Social Security tax D. Medicare tax
Question 8: On what line of Form 940 is the total from Schedule A entered?
Answer:
А.
8 (FUTA tax before adjustments)
В.
11 (If credit reduction applies)
С.
12 (Total FUTA tax after adjustments)
D.
O 13 (FUTA tax deposited for the year)
Transcribed Image Text:Question 8: On what line of Form 940 is the total from Schedule A entered? Answer: А. 8 (FUTA tax before adjustments) В. 11 (If credit reduction applies) С. 12 (Total FUTA tax after adjustments) D. O 13 (FUTA tax deposited for the year)
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