W-3 FORM Definition

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W-3 FORM, Transmittal of Wage and Tax Statements, is a form employers must use when filing paper W-2s with the Social Security Administration. Form W-3 summarizes the total wages, Social Security wages, federal income tax withheld, and FICA tax withheld from employees during the year and lists the number of W-2s being transmitted.

Learn new Accounting Terms

PLANT ASSET is a non-current physical asset applicable to manufacturing activities.

CURRENT COST is the cost which would be incurred for replacement of an asset.

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