Section 6
The SSA provides this program to verifiy employee's SSN:
What is Social Security Number Verification Service
2020 FUTA tax rate:
What is 6%
2020 Form 941 tax deposit lookback period:
What is July 1, 2018 to June 30, 201+
The IRS sends this Form to levy an employee's salary:
What is Form 668-W
This financial statement shows the net income or net loss of a business:
What is Income Statement
2020 Social Security Wage Base:
What is $137,700
Employers submit this Form to report their FUTA liability:
What is Form 940
Semiweekly depositor with a Friday payday must deposit their tax liability on this day:
What is Wednesday
The maximum amount that can be withheld from an employee's wages for child support when they are not supporting a family and they are in arrears under the CCPA:
What is 65%
Revenues have this type of effect on accounts:
What is Increasing owner's equity
This form is completed by recipients of pension and annuity payments to determine the amount to withhold:
What is Form W-4P
2020 FUTA wage base:
What is $7,000
This makes up Disposable Earnings:
What is Gross minus Taxes
This the final test before going"live with a new system:
What is Parallel Test
2020 backup withholding rate:
What is 24%
Form 940 is due on this date:
What is January 31st
The amount of years FUTA tax records need to retained for:
What is 3 years
The Employer's Tax Guide or Circular E is found in this IRS Publication:
What is IRS Pub. 15
This form must be completed to obtain a social security number:
What is Form SS-5
These states had 2020 credit reductions:
What is Virgin Islands
Section 403B code on box 12 of the W2:
What is E
ADEA stands for this:
What is Age Discrimination in Employment Act
When creating a nonexistent employees with false information including name, ssn, etc. to be paid is called this:
What is Phantom Employee