Asked by Avery Villa on Jun 10, 2024
Verified
The annual Federal Unemployment Tax Return is:
A) Form 940.
B) Form 1099.
C) Form 104.
D) Form W-2.
E) Form W-4.
Federal Unemployment Tax
A tax levied by the federal government on employers to fund state workforce agencies and unemployment insurance programs.
Form 940
A tax form used by employers to report their annual Federal Unemployment Tax Act (FUTA) tax.
- Identify and differentiate between various tax forms relevant to federal employment taxation.
Verified Answer
DH
Dakota HawkinsJun 15, 2024
Final Answer :
A
Explanation :
The annual Federal Unemployment Tax Return is Form 940, which is used to report and pay unemployment taxes to the federal government. Form 1099 is used to report income paid to independent contractors, Form 104 is used for individual income tax returns, Form W-2 is used to report employee wages and salaries, and Form W-4 is used by employees to indicate withholding preferences for their taxes.
Learning Objectives
- Identify and differentiate between various tax forms relevant to federal employment taxation.