1)FIT need not be withheld if the employee:

A) works for your firm one day a week or less

B) works for your firm part time (1 day a week) and only when called

C) is a student hired only for the summer

D) none of the above situationsare exempt from FIT

E) all of the above situations are exempt from FIT

2)Employees are exempt from having social security tax withheld if:

a) theyare over age 65

b) they are over age 67

c) they collect social security benefits

d) they write "EXEMPT" on Form W-4

e) none of the above reasons would exempt an employee from social security tax

3)HapCo opened for business on June 6, 2017. As of June 27, 2017, ithas accumulated 941 liabilities of $60,000, which it deposits July 17, 2017 (July 15 falls on a weekend). As a result,

a) HapCo will remain a monthly depositor until June 2018

b) HapCo triggered the one-business-day rule

c) HapCo's deposit was late

d) HapCo will be a semiweekly depositor in 2018