What document reflects total taxable wages and unemployment taxes due for the current quarter?

The Quarterly Wage Report is the document that accurately reflects total taxable wages and unemployment taxes due for the current quarter. This report is typically required by state unemployment insurance (SUI) programs and summarizes the wages paid to employees, as well as the associated unemployment taxes that need to be submitted for that reporting period.

Employers use this document to keep track of their obligations and ensure they are compliant with state laws regarding unemployment compensation. It captures total wages for each employee, ensuring all taxable wages are reported correctly for the quarter, which is vital for calculating unemployment tax liabilities.

The other options serve different purposes: W-2 forms provide a summary of total wages and taxes withheld for individual employees for the entire year, not just the current quarter; Form W-3 is a transmittal form that summarizes W-2 data for reporting to the Social Security Administration; and Form 941 is a quarterly tax return that reports income taxes, Social Security tax, and Medicare tax withheld from employees, but it does not specifically reflect the unemployment taxes due. These documents do not fulfill the requirement of reflecting both total taxable wages and the unemployment taxes due for the current quarter like the Quarterly Wage Report does.