Question 9: Form W-3 is sent to the Answer: А. O employee В. O IRS С. O Department of the Treasury D. Social Security Administration

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question 9: Form W-3 is sent to the
Answer:
A.
O employee
В.
O IRS
С.
O Department of the Treasury
D.
Social Security Administration
Transcribed Image Text:Question 9: Form W-3 is sent to the Answer: A. O employee В. O IRS С. O Department of the Treasury D. Social Security Administration
Question 11: Total taxes before adjustments are $7,803.15 and total deposits for the quarter are $7,803.17, and the difference between the amounts is due to
rounding. On what line of Form 941 is the difference recorded?
Answer:
A.
O 7 (Current quarter's adjustment for fractions of cents)
В.
O 11d (Total nonrefundable credits)
C.
O 13b (Reserved for future use)
D.
O Differences less than a dollar are not recorded on Form 941.
Transcribed Image Text:Question 11: Total taxes before adjustments are $7,803.15 and total deposits for the quarter are $7,803.17, and the difference between the amounts is due to rounding. On what line of Form 941 is the difference recorded? Answer: A. O 7 (Current quarter's adjustment for fractions of cents) В. O 11d (Total nonrefundable credits) C. O 13b (Reserved for future use) D. O Differences less than a dollar are not recorded on Form 941.
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