Asked by Brandi Adams on Jun 13, 2024

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Every three months, a more complete accounting of federal taxes is required on the ____.

A) FTD coupon
B) Employer's Quarterly Federal Tax Return
C) FUTA Tax Return
D) SUTA Tax Return
E) Wage and Tax Statement

Quarterly Federal Tax Return

A tax document filed four times a year by employers to report their employee's wages and the federal income and FICA taxes withheld.

FUTA Tax Return

A federal tax form required from employers to report and pay unemployment taxes to the Internal Revenue Service, associated with the Federal Unemployment Tax Act.

Wage And Tax Statement

A form, typically referred to as a W-2 form in the United States, that employers provide to employees detailing the employee's annual wages and the amount of taxes withheld from their paycheck.

  • Attain comprehension of the legislative requirements and payroll documentation for employee compensation and taxation.
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Sandisile PreciousJun 20, 2024
Final Answer :
B
Explanation :
The Employer's Quarterly Federal Tax Return, known as Form 941, is the form used by employers to report income taxes, social security tax, or Medicare tax withheld from employee's paychecks, and to pay the employer's portion of social security or Medicare tax, making it the correct answer for a more complete accounting of federal taxes every three months.