Greatland October W-2 & 1099 Knowledge Test

10 Questions | Total Attempts: 93

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Greatland October W-2 & 1099 Knowledge Test - Quiz

How well do you know your W-2 &1099 reporting information? Take our monthly test to find out!


Questions and Answers
  • 1. 
    Payments not made in the course of your trade or business are reported on Form 1099-MISC.
    • A. 

      True

    • B. 

      False

  • 2. 
    The basic back up withholding rate is:
    • A. 

      20%

    • B. 

      15%

    • C. 

      28%

    • D. 

      26%

  • 3. 
    What is the transmittal form for 1099s?
  • 4. 
    Scholorship or fellowship grants are reported on Form 1099-MISC.
    • A. 

      True

    • B. 

      False

  • 5. 
    Which government agency is Copy A of Form W-2 sent?
    • A. 

      Internal Revenue Service (IRS)

    • B. 

      Social Security Administration (SSA)

    • C. 

      Department of Labor (DOL)

    • D. 

      US Department of Treasury

  • 6. 
    What is the due date to send 2011 W-2 and 1099 forms electronically to the federal agencies?
    • A. 

      April 2, 2012

    • B. 

      March 15, 2012

    • C. 

      January 31, 2012

    • D. 

      February 29, 2012

  • 7. 
    Form 8809 is used to request an extension of time to file W-2s and 1099s with the federal agencies.
    • A. 

      True

    • B. 

      False

  • 8. 
    What is the e-file threshold for W-2 forms?
  • 9. 
    Copy A of 1099 forms must be printed in red drop-out ink.
    • A. 

      True

    • B. 

      False

  • 10. 
    What form is used to collect names and SSNs from employees?
    • A. 

      Form W-2

    • B. 

      Form W-3

    • C. 

      Form W-4

    • D. 

      Form W-9

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