1
Certified Payroll Professional
Form SS-8 - -Correct Answer-Determination of worker status for purpose of
federal employment taxes and income tax withholding. Can be filled out by
the business or worker.
Form W-4 - -Correct Answer-Employees withholding allowance certificate.
Documents the amount of federal tax withholding.
Form SS-4 - -Correct Answer-Application for employer identification number.
Form 8233 - -Correct Answer-Exemption from withholding on compensation
for independent personal services of a nonresident alien individual. The
purpose is to claim an exemption from the withholding requirements.
Form 1096 - -Correct Answer-Annual summary and transmittal of U.S.
information returns. It is used to summarize each type of information return. A
separate 1096 is to be filed with each group of returns. Forms
1097,1098,1099.
Form 1042-T - -Correct Answer-Annual summary and transmittal of forms
1042-S. Summarize the income and taxes withheld amounts from all
corresponding forms.
1
, 2
Form 1042-S - -Correct Answer-Foreign person's U.S. source income subject
to withholding. To report income subject to withholding for foreign persons
such as non resident aliens, foreign partnerships, foreign corporations,
foreign estates and foreign trusts. Interests, rents, and royalties. Certain
natural resource gains and certain gains on certain intellectual property.
Form 1042 - -Correct Answer-Annual withholding tax return for U.S. source
income of foreign persons.To report the amount of income tax withholding on
certain income paid to non resident aliens, foreign partnerships, foreign
corporations, foreign estates and foreign trusts.Form 1042 must be filed in
any of the following criteria are met: Form 1042 is required to be filed or
Gross investment income is paid to taxable foreign private foundations or
Specified federal procurement payments are paid to any foreign person.
Form SS-5 - -Correct Answer-Application for a Social Security Card. Apply for
a new card or a replacement card or to make an existing card.
Form 1099-R - -Correct Answer-Distributions From Pensions, Annuities
Retirement or Profit-Sharing Plans, IRA's Insurance Contracts ($10 or more)
Form 1099-MISC - -Correct Answer-Miscellaneous Income is to report to
each recipient and the IRS. -Royalties no less than $10 -Payments $600 or
more for Rents, Services, Prizes and Awards, Other income payments and
Attorneys.
Form W-9 - -Correct Answer-Request for Taxpayer Identification Number and
Certification. The purpose is for the payer to obtain the correct identification
number.
2
, 3
Form W-2C - -Correct Answer-Correct errors on W-2's. Only update incorrect
fields.
Form W-3 - -Correct Answer-Essentially the "Cover Sheet" for the transmittal
of Forms W-2.*250 or more forms, you must file electronic (Form W-3 is not
required for electronic filing)
Form W-3C - -Correct Answer-Required whenever a Form W-2C (Copy A) is
filed in paper form.
Employee(Common Law Employee) - -Correct Answer-Anyone who performs
services for you is your employee if you can control what will be done and
how it can be done
Independent Contractor - -Correct Answer-The general rule is that an
individual is an independent contractor if the payer has the right to control or
direct only the result of the work and not what will be done and how it is done.
Temporary Agency/Leased Employee - -Correct Answer-Employees are hired
by temporary help services and send the workers to companies who need
employees. A leased employee is an employee whose service is leased from
a company that specializes in recruitment. All temp agency employees are
leased employees but the converse is not necessarily true.
Worker Status - -Correct Answer-Independent Contractor, Employee
(Common Law Employee), Statutory Employee, Statutory Non-Employee
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Certified Payroll Professional
Form SS-8 - -Correct Answer-Determination of worker status for purpose of
federal employment taxes and income tax withholding. Can be filled out by
the business or worker.
Form W-4 - -Correct Answer-Employees withholding allowance certificate.
Documents the amount of federal tax withholding.
Form SS-4 - -Correct Answer-Application for employer identification number.
Form 8233 - -Correct Answer-Exemption from withholding on compensation
for independent personal services of a nonresident alien individual. The
purpose is to claim an exemption from the withholding requirements.
Form 1096 - -Correct Answer-Annual summary and transmittal of U.S.
information returns. It is used to summarize each type of information return. A
separate 1096 is to be filed with each group of returns. Forms
1097,1098,1099.
Form 1042-T - -Correct Answer-Annual summary and transmittal of forms
1042-S. Summarize the income and taxes withheld amounts from all
corresponding forms.
1
, 2
Form 1042-S - -Correct Answer-Foreign person's U.S. source income subject
to withholding. To report income subject to withholding for foreign persons
such as non resident aliens, foreign partnerships, foreign corporations,
foreign estates and foreign trusts. Interests, rents, and royalties. Certain
natural resource gains and certain gains on certain intellectual property.
Form 1042 - -Correct Answer-Annual withholding tax return for U.S. source
income of foreign persons.To report the amount of income tax withholding on
certain income paid to non resident aliens, foreign partnerships, foreign
corporations, foreign estates and foreign trusts.Form 1042 must be filed in
any of the following criteria are met: Form 1042 is required to be filed or
Gross investment income is paid to taxable foreign private foundations or
Specified federal procurement payments are paid to any foreign person.
Form SS-5 - -Correct Answer-Application for a Social Security Card. Apply for
a new card or a replacement card or to make an existing card.
Form 1099-R - -Correct Answer-Distributions From Pensions, Annuities
Retirement or Profit-Sharing Plans, IRA's Insurance Contracts ($10 or more)
Form 1099-MISC - -Correct Answer-Miscellaneous Income is to report to
each recipient and the IRS. -Royalties no less than $10 -Payments $600 or
more for Rents, Services, Prizes and Awards, Other income payments and
Attorneys.
Form W-9 - -Correct Answer-Request for Taxpayer Identification Number and
Certification. The purpose is for the payer to obtain the correct identification
number.
2
, 3
Form W-2C - -Correct Answer-Correct errors on W-2's. Only update incorrect
fields.
Form W-3 - -Correct Answer-Essentially the "Cover Sheet" for the transmittal
of Forms W-2.*250 or more forms, you must file electronic (Form W-3 is not
required for electronic filing)
Form W-3C - -Correct Answer-Required whenever a Form W-2C (Copy A) is
filed in paper form.
Employee(Common Law Employee) - -Correct Answer-Anyone who performs
services for you is your employee if you can control what will be done and
how it can be done
Independent Contractor - -Correct Answer-The general rule is that an
individual is an independent contractor if the payer has the right to control or
direct only the result of the work and not what will be done and how it is done.
Temporary Agency/Leased Employee - -Correct Answer-Employees are hired
by temporary help services and send the workers to companies who need
employees. A leased employee is an employee whose service is leased from
a company that specializes in recruitment. All temp agency employees are
leased employees but the converse is not necessarily true.
Worker Status - -Correct Answer-Independent Contractor, Employee
(Common Law Employee), Statutory Employee, Statutory Non-Employee
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