Certified Payroll Professional Practice Exam

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What is Form 945 primarily used for?

  1. Reporting wages paid to agricultural employees

  2. Reporting federal income tax withheld on pension payments

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

  4. Reporting withheld federal income tax on specified payments

The correct answer is: Reporting withheld federal income tax on specified payments

Form 945 is primarily used for reporting withheld federal income tax on specified payments. This form is specifically for reporting backup withholding for federal income tax purposes. Option A is incorrect because Form 943 is used for reporting wages paid to agricultural employees. Option B is incorrect because Form 1099-R is used for reporting federal income tax withheld on pension payments. Option C is incorrect because Form 941 is used for reporting social security and medicare taxes due by small employers.

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