1. Which of the following deposit requirements pertains to a nonagricultural employer who has employer FICA taxes and withheld employee FICA taxes and income taxes of $125,000 at the end of payday on Friday, August 16?

A. No deposit is required until Tuesday, August 20.

B. The taxes must be deposited by the close of the next banking day.

C. The taxes must be deposited on or before August 31.

D. The undeposited taxes should be carried over to the end of September.

E. None of these.

2.A personal allowance:

A. amounted to $2,000 in 2012.

B. may be claimed to exempt a portion of the employee's earnings from withholding.

C. is indexed for inflation every calendar quarter.

D. may be claimed at the same time with each employer for whom an employee is working during the year.

E. for one person is a different amount for a single versus a married taxpayer.

3.If an employer fails to file an employment tax return on the due date, a penalty based on a certain percentage of the amount of tax required to be reported may be added to the tax.

A. TRUE

B. FALSE

4.A worker hired by the federal government in 2013 is covered under FICA.

A. TRUE

B. FALSE