WorksheetsKnowledge Check
Total questions: 20
Worksheet time: 3mins
What is an example of a graduated tax?
Federal Income Tax
Social Security Tax
Medicare Tax
Medicare Surtax
Which State that does not collect tax?
Florida
New York
New Jersey
California
Give a State that require a manual W-4 form (not available to be updated in ADP)?
New York
Pennsylvania
California
New Mexico
What is the flat tax rate for Social Security in 2019? (Employee)
6.3%
6.2%
6%
7%
What is the additional tax rate for Medicare Surtax?
.7%
.9%
6.2%
6.7%
What Cafeteria Plan benefit is pre-tax for Federal but not for FICA taxes?
Savings Plan / 401(K)
Accidental Death & Dismemberment (AD&D)
Flexible Spending Accounts (FSA)
Adoption Assistance
What is the pre-tax limit for Savings Plan/401K for 2019 for colleagues below 50 years old?
$18,000
$18,500
$19,000
$19,500
What is the flat tax rate for Medicare?
1.30%
1.35%
1.40%
1.45%
What State has a flat tax?
Florida (FL)
California (CA)
New York (NY)
Pennsylvania (PA)
What is the maximum withholding amount for Social Security taxes in 2019?
$8,339.80
$7,960.80
$8,239.80
$7,560.80
Pfizer will keep copies of a colleague’s W-2 for up to __ years.
4
5
6
10
What Box in W2 where gross earnings less any before tax deductions were reported?
Box 1
Box 2
Box 3
Box 4
State Taxable Wages are reported under Box ___.
Box 15
Box 16
Box 17
Box 5
For 2020, Social Security tax limit will be?
$8,537.40
$8,637.40
$8,500.00
$8,600.00
For 2020, 401k (Savings Plan) pre tax limit will be?
$19,500
$18,500
$19,000
$20,000
True or False: A pre-tax deduction is money you remove from an employee's wages before you withhold money for taxes
True
False
True or False: Correcting a colleague's name and/or SSN requires an issuance of a Form W2-C.
True
False
True or False: Incorrect address on W-2 requires a Form W2-C.
True
False
The ______ is used to gather the information needed to determine federal income tax withholding.
Form W-2
Form 1040
Form W-4
Form W2-C
If the colleague needs a copy of a W-2 older than 4 years. HRSC should?
Refer colleague to the IRS
Refer colleague to the manager
Create a case
Refer the colleague to a tax advisor
