Certified Payroll Professional Practice Exam

What is the purpose of Form 943?

1. Report wages paid to agricultural employees

2. Report withheld federal income tax on pensions

3. Report social security and medicare taxes due by small employers

4. Claim a refund for quarterly federal tax payments

The correct answer is: Report wages paid to agricultural employees

Form 943 is used to report wages paid to agricultural employees. This form is specifically designed for employers who paid wages to farmworkers who are performing agricultural labor. By submitting Form 943, employers ensure that they are accurately reporting and paying the appropriate taxes associated with these wages. It is important for agricultural employers to use this form to stay compliant with the Internal Revenue Service (IRS) regulations and requirements for reporting employee wages. Options B, C, and D are not correct because: - Form 1099-R is used to report withheld federal income tax on pensions, not Form 943. - Form 941 is used to report social security and medicare taxes due by small employers, not Form 943. - Form 843 is used to claim a refund for quarterly federal tax payments, not Form 943.