Before hiring its first employee,a company must get a(n)______ to use on documents and tax returns for the IRS.
A)EEO
B)SSN
C)TIN
D)EIN

Question

Quizplus · Accepted Answer

EIN (Employer Identification Number) is a unique identification number used by the IRS to identify businesses for tax purposes. This number is required by companies when they begin to hire employees and is used to file tax returns, pay taxes, and other legal documents. Option A (EEO) refers to Equal Employment Opportunity, which is a federal requirement for companies to follow in hiring and treating employees fairly. Option B (SSN) refers to Social Security Number, which is used to identify individual people for tax and benefits purposes. Option C (TIN) refers to Taxpayer Identification Number, which is used by the IRS for tax purposes and can refer to an EIN or an individual's SSN.

Before Hiring Its First Employee,a Company Must Get A(n)______ to Use