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APA FPC-Remote Exam - Topic 7 Question 19 Discussion

Which form is used by third-party administrators to report sick pay paid on behalf of an employer?
C) Form 8922
A) Form 941
B) Form 1099
D) Form 1095-B

APA FPC-Remote Exam - Topic 7 Question 19 Discussion

Actual exam question for APA's FPC-Remote exam
Question #: 19
Topic #: 7
[All FPC-Remote Questions]

Which form is used by third-party administrators to report sick pay paid on behalf of an employer?

Show Suggested Answer Hide Answer
Suggested Answer: C

Comprehensive and Detailed Explanation:

Form 8922, Third-Party Sick Pay Recap, is used when a third-party administrator (TPA) pays sick pay on behalf of an employer and needs to report taxable wages properly.

This ensures that Social Security, Medicare, and FUTA taxes are correctly allocated between the employer and third party.

Sick pay is subject to FICA taxes, but not always subject to FUTA if paid directly by an insurer.

Option A (Form 941) is incorrect because it is used for quarterly payroll tax filings.

Option B (Form 1099) is incorrect because sick pay is reported on W-2, not 1099.

Option D (Form 1095-B) is incorrect because it relates to health coverage reporting.


IRS Form 8922 Instructions -- Third-Party Sick Pay Recap

Payroll.org -- Sick Pay Taxation Guidelines

Contribute your Thoughts:

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It's Form 8922 for sick pay reporting.
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Kerry
5 days ago
Form 941 is for payroll taxes, not sick pay!
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Noble
10 days ago
Wait, are you sure about that? I thought it was something else.
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Julie
15 days ago
Definitely Form 8922, no doubt about it!
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Jolene
2 months ago
I thought it was Form 1099?
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Willard
2 months ago
It's Form 8922 for sick pay reporting.
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Aja
3 months ago
I’m confused about this one. I thought Form 1095-B was related to health coverage, so that can't be it. I really need to review these forms again!
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Cecilia
3 months ago
I’m leaning towards Form 8922, but I might be mixing it up with another form. I remember it had something to do with third-party reporting.
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Nadine
3 months ago
I practiced a similar question where we had to identify forms for different types of payments. I feel like Form 941 was mentioned a lot, but I can't recall if it was for sick pay.
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Glynda
3 months ago
I think it's Form 1099, but I’m not entirely sure. I remember something about it being used for reporting various types of income.
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