The Anderson Company started its business on August 1st. On August 15th, it paid wages...
70.2K
Verified Solution
Link Copied!
Question
Accounting
The Anderson Company started its business on August st On August th it paid wages for the first time and accumulated a tax liability of $ On August th it incurred an additional tax liability of $ How is the Anderson Company treated as a payroll tax depositor?
Question options:
Monthly, because its accumulated tax liability is not more than $ on any one day.
Monthly, because new companies do not have a look back period.
Semiweekly, because its accumulated tax liability is $ for the month.
Semiweekly, for this pay period only and then monthly for the remainder of the year.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
