Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Saved If , on any day during the month, an employer who is a monthly schedule depositor accumulates a $ 1 0 0 , 0
Saved
If on any day during the month, an employer who is a monthly schedule depositor accumulates a $ tax liability, which of the following statements is true?
Multiple Choice
The employer remits the tax by the next banking day and becomes a semiweekly depositor for the remainder of the calendar year, then goes back to being a monthly scheduled depositor in the following year.
The deposit must be made by the last day of the month if the employer is a monthly schedule depositor.
The deposit is made either the following Wednesday or Friday, regardless of whether the employer is a semiweekly schedule depositor.
The emnlnwer remite the tax hy the next hankinn daw and is now onncideredi a semiweekiv denneithr far the remaindar nf the
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started