To Display Cell Formulas,press Ctrl and the Asterisk (*)

question 67

True/False

To display cell formulas,press Ctrl and the asterisk (*).

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Definitions:

Form 941

A federal tax form used by employers to report quarterly income taxes, social security tax, and Medicare tax withheld from employees' paychecks.

Form 940

A tax form filed by employers to report annual Federal Unemployment Tax Act (FUTA) tax.

Form W-2

An IRS tax form used in the United States to report wages paid to employees and the taxes withheld from them.

Payroll Taxes Collected

Taxes that are withheld from employees' wages by their employer and remitted to the government, including amounts for social security and Medicare.