Asked by Inder Singh on May 30, 2024
Verified
A deposit must be made when filing the W-2 form.
Deposit
A sum of money placed in an account or with a party as a part of a financial transaction, often securing a service or as a part of a purchase agreement.
W-2 Form
An annual tax form used in the United States to report wages paid to employees and the taxes withheld from them.
- Understand the timing and requirements for depositing and reporting payroll taxes.
Verified Answer
ZK
Zybrea KnightJun 04, 2024
Final Answer :
False
Explanation :
The W-2 form is an annual wage and tax statement that employers must give to each employee and send to the Social Security Administration. Deposits are related to payroll taxes, not the filing of W-2 forms.
Learning Objectives
- Understand the timing and requirements for depositing and reporting payroll taxes.
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