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Income tax, Social Security, sales tax, FICA, FUTA, Form 1040, business personal property tax, Form 1099, W-2. Boy, this tax stuff can be complicated.
How much do you know about your business taxes?
Now's your chance to test your TKQ (tax knowledge quotient) with this Business Tax Test.
1. What's the significance of Jan. 31 to a business?
a. The date of the Super Bowl party
b. Deadline for submitting price changes to Department of Homeland Security
c. Deadline to give employees W-2 wage and tax statement and independent contractors Form 1099
Source: HighBeam Research, Test your business-tax knowledge.(The Orange County Register)