Asked by Chris Fragy on Jul 02, 2024

Which form is used to report FICA taxes for the employer and employee, and also federal income taxes for the employee?

A) Form 941
B) Form 944
C) Form 940
D) Form W-2

Form 941

A federal tax form used by employers to report quarterly income taxes, social security tax, and Medicare tax withheld from employees' paychecks.

Form 940

A tax form filed by employers to report annual Federal Unemployment Tax Act (FUTA) tax.

Form W-2

An IRS tax form used in the United States to report wages paid to employees and the taxes withheld from them.

  • Learn about the reporting requirements for payroll taxes to government agencies.