For Wages Paid in 2015, an Employer Must Send Copy

question 25

Multiple Choice

For wages paid in 2015, an employer must send Copy A of each Form W-2 along with the W-3 transmittal form to the SSA no later than:

• A) January 31, 2015.
• B) February 1, 2015.
• C) February 28, 2015.
• D)March 1, 2015.

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Definitions:

Prepaid Services

Expenses paid in advance for services which will be received in the future.

Unearned Fees

Income received by a company for services yet to be provided or completed; recognized as a liability until the service is performed.

Journalize

The process of recording financial transactions in the chronological order in a company's general journal.

Depreciation

Systematic assignment of a tangible asset’s value over its functional lifespan.