Which of the following forms serves as a Monthly Withholding Tax Payment Voucher in Georgia?

Which of the following forms serves as a Monthly Withholding Tax Payment Voucher in Georgia?

• A. GA-7
• B. GA-V
• C. W-4
• D. 1099-MISC

Answer: (B)

The Monthly Withholding Tax Payment Voucher in Georgia is specifically identified as GA-V. This form is used by employers to report and remit the state income tax withheld from employee paychecks on a monthly basis. It helps ensure that taxes are collected in a timely manner and provides a structured way for employers to meet their tax obligations to the state. The GA-7 form, on the other hand, is related to employer's quarterly tax filings, while the W-4 is an employee's withholding allowance certificate that helps determine the amount of federal tax to withhold from an employee's paycheck. The 1099-MISC form is used to report miscellaneous income paid to individuals, independent contractors, and other non-employees but does not serve the purpose of a withholding tax payment voucher. Thus, GA-V is the correct answer as it is designated for the specific purpose of monthly withholding tax payments in Georgia.

The Monthly Withholding Tax Payment Voucher in Georgia is specifically identified as GA-V. This form is used by employers to report and remit the state income tax withheld from employee paychecks on a monthly basis. It helps ensure that taxes are collected in a timely manner and provides a structured way for employers to meet their tax obligations to the state.

The GA-7 form, on the other hand, is related to employer's quarterly tax filings, while the W-4 is an employee's withholding allowance certificate that helps determine the amount of federal tax to withhold from an employee's paycheck. The 1099-MISC form is used to report miscellaneous income paid to individuals, independent contractors, and other non-employees but does not serve the purpose of a withholding tax payment voucher. Thus, GA-V is the correct answer as it is designated for the specific purpose of monthly withholding tax payments in Georgia.