Form 941 Is Prepared by the Employer on a Quarterly

question 28

Multiple Choice

Form 941 is prepared by the employer on a quarterly basis to record all of the following payroll taxes except:

• A)FUTA.
• B)Social security tax.
• C)Medicare tax.
• D)Federal withholding tax.

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Definitions:

Sequence

An ordered list or arrangement of items, events, or actions following a specific logical or systematic pattern.

Predominant Factor Test

A legal doctrine used to classify a transaction within the framework of the Uniform Commercial Code (UCC) by determining the main purpose of the contract.

Liberally Administered

A principle or policy applied in a manner that is flexible, generous, or not strictly in accordance with strict rules or formalities.

Aggrieved Party

An individual or entity that has suffered legal wrong or harm, and who is entitled to bring a lawsuit against the party responsible for that harm.