What Is the Purpose of Form 8109

question 4

Multiple Choice

What is the purpose of Form 8109?

• A)Used by employers to report the amount of unemployment tax due for the year
• B)A quarterly tax report indicating the amount of FICA (OASDI and Medicare)taxes owed
• C)A coupon that is completed and sent along with payments of tax deposits relating to forms 940,941,or 944
• D)To allow employers who owe less than $2,500 to report their FICA (OASDI and Medicare)taxes owed

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Definitions:

Future Sales

Predicted transactions or revenue expected to be generated through selling products or services in forthcoming periods.

Promotions

Marketing strategies aimed at increasing customer awareness, sales, and interest in a product or service.

Complementary Products

Products that are used together or enhance the value or experience of each other, leading to increased demand when sold together.

Marked Down

Refers to products that have their prices reduced, usually to encourage quick sales or clear out inventory.