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Exam (elaborations)

FPC Chapter 4.4 Questions & Answers

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  • Course
  • FPC - Fundamental Payroll Certification
  • Institution
  • FPC - Fundamental Payroll Certification

FPC Chapter 4.4 Questions & Answers Form 843 is used to: A. pay underpaid taxes reported on Form 941. B. request a refund of overpaid taxes reported on Form 941. C. request an abatement of assessed interest and penalties. D. request overpaid taxes reported on Form 941 be credited to the next...

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  • October 20, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • FPC - Fundamental Payroll Certification
  • FPC - Fundamental Payroll Certification
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FPC Chapter 4.4 Questions & Answers
Form 843 is used to:

A. pay underpaid taxes reported on Form 941.
B. request a refund of overpaid taxes reported on Form 941.
C. request an abatement of assessed interest and penalties.
D. request overpaid taxes reported on Form 941 be credited to the next Form 941. -
answer C. request an abatement of assessed interest and penalties

***Use Form 843, Claim for Refund and Request for Abatement, to file a claim for
abatement of assessed interest and penalties.***

Data on Form 941-X corrects data filed on:

A. Form 843.
B. Form 941.
C. Form 943.
D. Form 944. - answer B. Form 941.

***If employers have properly repaid overwithheld amounts to employees, they can
claim a credit against taxes due by making an adjustment on Form 941-X.***

Which form is used when correcting Form 941, Line 2, Wages, tips, and other
compensation,?

A. Form 943
B. Form 944
C. Form 941-X
D. Form 843 - answer C. Form 941-X

***If employers have properly repaid overwithheld amounts to employees, they can
claim a credit against taxes due by making an adjustment on Form 941-X.***

Form W-2c is used to correct an:

A. employer's previously reported income tax wages on Form W-2.
B. employer's previously reported unemployment wages.
C. employee's previously reported unemployment wages on Form W-2.
D. employee's previously reported information on Form w-2 - answer D. employee's
previously reported information on Form W-2.

***When errors have been made on a previously filed Form W-2, employers must
correct them by filing Form W-2c, Corrected Wage and Tax Statement***

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