Fundamental Payroll Certification Study Guide Rated A+

Form 940 {Ans: The purpose of Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return, is to report the annual federal unemployment tax liability for employers, subject to the Federal Unemployment Tax Act (FUTA).}Form W-3 {Ans: The purpose of Form W-3, Transmittal of Wage and Tax Statements, is to summarize the transmittal of paper copies of Form W-2, copy A to the Social Security Administration (SSA).}Form 941 {Ans: The purpose of Form 941, Employer's Quarterly Federal Tax Return, is to report by employers to the Internal Revenue Service (IRS) the total amount of wages paid, income taxes withheld and social security and Medicare taxes due (both employee and employer portions).}Form W-9 {Ans: The purpose of Form W-9, Request for Taxpayer Identification Number (TIN) and Certification, is for a payer to obtain the correct identification number of a taxpayer in order to complete and information return to the Internal Revenue Service (IRS).}Temporary help services and personnel {Ans: Employees are hired by temporary help services and send the workers to companies who need employees.}Statutory non-employee {Ans: Statutory non-employees fall under two categories. They are real estate agents and direct sellers.}