If an employer owes less than $2,500 for FICA (OASDI and Medicare)and FIT,they can submit:
A)Form 944-Employer's Annual Federal Tax Return.
B)Form 8109-Federal Tax Deposit Coupon.
C)Form 940-Employer's Annual Federal Unemployment Tax Return.
D)Form W-2-Wage and Tax Statement.

Question

Quizplus · Accepted Answer

Form 944 is used by small employers (those whose annual liability for social security, Medicare, and withheld federal income taxes is $1,000 or less) to report and pay these taxes once a year instead of filing quarterly 941 forms. Therefore, if an employer owes less than $2,500 for FICA and FIT, they can submit Form 944.

If an Employer Owes Less Than $2,500 for FICA (OASDI