Certified Payroll Professional Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Certified Payroll Professional Exam. Master concepts with flashcards and multiple-choice questions, each offering hints and explanations. Get exam ready now!

Start Multiple Choice Practice Test
Start Flash Cards

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Which form is used by employers to report quarterly federal tax returns to the IRS?

  1. Form W-4P

  2. Form W-4S

  3. Form 940

  4. Form 941

The correct answer is: Form 941

Form W-4P and Form W-4S are both used to report withholding taxes for pensions or annuities and gambling winnings, respectively. These forms are not used for reporting quarterly federal tax returns. Form 940 is used by employers to report annual federal unemployment tax returns to the IRS. This is not the correct form for quarterly tax returns. Form 941 is used by employers to report quarterly federal tax returns to the IRS. This form includes information on employee wages, tips, and federal income tax withheld, as well as the employer's share of Social Security and Medicare taxes. It is the correct form for this purpose.

More Questions Like This