Day 3 Review

What will be the 941 filing deadline for Q1 2021? (Format: DD/MM/YYYY)

Both employees and employers need to pay for Medicare and Social Security for National Paid Leave items.

• True

• False

The following are possible reasons why taxes will not calculate on the paycheck. Select all the apply.

• Annual wage base limit already reached.

• The tax table version is outdated

• Payroll subscription is already suspended or tax table status in PSP is suspended

• Incorrect tax rate (such as SUI).

• Payroll item was setup incorrectly.

The following are National Paid Leave items that can replace wages of the employees. Select all that apply

• National Paid Leave FMLA

• National Paid Leave Health Cr

• National Paid Leave Employee

• National Paid Leave Medicare

• National Paid Leave Family

How much should be the National Paid Leave - Medicare on the paycheck?

________ and _________ are also called as Qualified Sick Leave.

• NPL Employee

• NPL Family

• NPL FMLA

• NPL Health Cr

________ is also called as the Qualified Family Leave on the 941.

• NPL Employee

• NPL FMLA

• NPL Family

• NPL Health Cr

How much is my available NPL credits?

What taxes are referred to as Federal 941, and are paid all together to the IRS What taxes are referred to as Federal 941, and are paid all together to the IRS?

• FIT, Medicare, FUTA

• FUTA, Social Security, FIT

• FUTA, Social Security, Medicare

• Social Security, Medicare, FIT

A contractor who earns more than _____ during the year must be issued a 1099-MISC form.

• $700

• $6000

• $600

• $7000