What Is the Purpose of Federal Form 491

question 10

Multiple Choice

What is the purpose of Federal Form 491?

• A)Summarize the amount of unemployment tax paid and due by the company
• B)Summarize the amount of federal income tax, Social Security, and Medicare withheld from employee paychecks for the quarter
• C)Summarize the amount of federal income tax, Social Security, and Medicare withheld from employee paychecks for the year
• D)Summarize all your W-2 forms
• Short Answer Questions

---

Definitions:

Confidence Interval

A range of values derived from sample statistics that is likely to cover the true parameter of the population with a certain level of confidence.

Standard Deviation

A statistic that measures the dispersion of a dataset relative to its mean.

T-Distribution

A probability distribution used in statistics for estimating population parameters when the sample size is small and the population variance is unknown.

Confidence Intervals

A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter, expressed with a certain level of confidence.