CH 4 Payroll Accounting and Taxation
Exam Questions and Answers 100%
Pass
The penalties imposed on employees for filing false informatioEmployers preparing
information rterm-10eturns must file which of the following forms to transmit each type
of information return:
a. A summary form 1099
b. Form 941
c. Form 1096
d. Form 1099-MISC
TERM
IMAGE
Form 1096
DEFINITIONn on Form W-4 are:
Katelyn Whitman, All Rights Reserved © 2025 1
,a. Fines of up toterm-10 $3,000
b. Fines of up to $3,000 or imprisonment for up to three years or both
c. Fines of up to $1,000 or imprisonment for up to one year or both
d. Imprisonment for up to three years - ✔✔Fines of up to $1,000 or imprisonment for up
to one year or both
The penalty for filing W-2s with mismatched names and social security numbers is:
a. $100 per form.
b. $150 per form.
c. $25 per form.
d. $250 per form. - ✔✔$250 per form.
Form 944 is used by employers who owe $________ or less in employment taxes for the
year. It is filed _______ a year. - ✔✔$2500
Katelyn Whitman, All Rights Reserved © 2025 2
, once
Employers preparing information returns must file which of the following forms to
transmit each type of information return:
a. A summary form 1099
b. Form 941
c. Form 1096
d. Form 1099-MISC - ✔✔Form 1096
The special period rule allows employers to use _____________ ___ as the cutoff date for
valuing non-cash fringe benefits - ✔✔October 31
The formula used to "gross-up" supplemental payments in order to cover the taxes on
the supplemental payments is:
a. Intended Payment/1 - Applicable Tax Rates
b. Intended Payment/Applicable Tax Rates
Katelyn Whitman, All Rights Reserved © 2025 3
Exam Questions and Answers 100%
Pass
The penalties imposed on employees for filing false informatioEmployers preparing
information rterm-10eturns must file which of the following forms to transmit each type
of information return:
a. A summary form 1099
b. Form 941
c. Form 1096
d. Form 1099-MISC
TERM
IMAGE
Form 1096
DEFINITIONn on Form W-4 are:
Katelyn Whitman, All Rights Reserved © 2025 1
,a. Fines of up toterm-10 $3,000
b. Fines of up to $3,000 or imprisonment for up to three years or both
c. Fines of up to $1,000 or imprisonment for up to one year or both
d. Imprisonment for up to three years - ✔✔Fines of up to $1,000 or imprisonment for up
to one year or both
The penalty for filing W-2s with mismatched names and social security numbers is:
a. $100 per form.
b. $150 per form.
c. $25 per form.
d. $250 per form. - ✔✔$250 per form.
Form 944 is used by employers who owe $________ or less in employment taxes for the
year. It is filed _______ a year. - ✔✔$2500
Katelyn Whitman, All Rights Reserved © 2025 2
, once
Employers preparing information returns must file which of the following forms to
transmit each type of information return:
a. A summary form 1099
b. Form 941
c. Form 1096
d. Form 1099-MISC - ✔✔Form 1096
The special period rule allows employers to use _____________ ___ as the cutoff date for
valuing non-cash fringe benefits - ✔✔October 31
The formula used to "gross-up" supplemental payments in order to cover the taxes on
the supplemental payments is:
a. Intended Payment/1 - Applicable Tax Rates
b. Intended Payment/Applicable Tax Rates
Katelyn Whitman, All Rights Reserved © 2025 3
