Why Does the Employer Fill Out an IRS Form 940

question 50

Multiple Choice

Why does the employer fill out an IRS form 940 every year?

• A)to report income taxes withheld from employee wages
• B)to report federal unemployment tax
• C)to report the number of employees from their company who have filed for unemployment
• D)to report the number of employees who filed a workers' compensation claim

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Definitions:

Parallel Circuit

A circuit in which components are connected across common points or junctions, providing multiple paths for current flow.

Total Resistance

The combined resistance of all components in a series or parallel electrical circuit that affects the flow of electrical current.

Total Current Flow

The sum of all electric currents flowing through a circuit or component, representing the complete flow of electric charge.

Parallel Circuit

An electrical circuit in which the components are connected so that the same voltage is applied to each component.