South-western Federal Taxation 2018: Individual Income Taxes
South-western Federal Taxation 2018: Individual Income Taxes
41st Edition
ISBN: 9781337385886
Author: William H. Hoffman, James C. Young, William A. Raabe, David M. Maloney, Annette Nellen
Publisher: Cengage Learning
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Chapter 9, Problem 15DQ
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Which of the following does NOT apply to both a W−2 and a W−​3?     A. Reports the total amount of​ wages, tips and compensation paid to the employee   B. Employees use both forms to prepare their personal tax returns.   C. Sent to the Social Security Administration   D. Reports the total OASDI and Medicare taxes withheld
which of the following are tax benefits of a traditional qualified employer defined contribution plan? a. employer matching contributions are not included in the current year's gross income b. Qualified distributions are not subject to income tax c. Contributions are not included in the current year's gross income d. Investments earnings are not subject to tax until they are distributed
Which of the following items is exempt from including into the assessable income for salaries tax purposes? Select one: a. Leave pay b. Commission c. Compensation for termination of employment not provided in the contract d. End of contract gratuities
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