Arizona Contractors License Practice Exam

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What form is used to report and pay quarterly unemployment taxes?

Form 1040
Form W-2
Form UC-18
Form 1099

The correct answer is: Form UC-18

The form used to report and pay quarterly unemployment taxes is Form UC-18. This specific form is designed for employers to report their unemployment insurance contributions to the state. It includes details such as employee wages subject to unemployment tax and the total amount due, which is crucial for the state to compute the employer’s tax liability accurately. In contrast, the other forms listed are used for different purposes. Form 1040 is an individual income tax return for reporting personal federal income taxes. Form W-2 is issued to employees and reports annual earnings and payroll taxes withheld but is not used for unemployment tax reporting. Form 1099 is typically used to report income from self-employment or other non-employee income, which is not related to unemployment tax obligations. Understanding the specific purpose of each form is essential for proper compliance in reporting and payment practices.