Question
A monthly depositor has accumulated $110,000 in fica and federal income taxes in their payable account as of July. 31. Which of the follow would
A monthly depositor has accumulated $110,000 in fica and federal income taxes in their payable account as of July. 31. Which of the follow would be correct? Group of answer choices No deposit is required until year end unless $500,000 is undeposited then due in 5 business days The taxes should be deposited at the regular date on Aug. 31, the end of month The taxes must be deposited on or before August 15 due to the amount. The taxes must be deposted on or before the next business banking day None of the above
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Payroll Accounting 2017
Authors: Bernard J. Bieg, Judith Toland
27th edition
1305675126, 1305675124, 9781305888586, 1305888588, 978-1337734776
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