The Look-Back Period Is Used to Determine Whether

question 68

Multiple Choice

The look-back period is used to determine whether:

• A)a business should make its Form 941 tax deposits on a monthly or semiweekly basis.
• B)an employer will use Form 940.
• C)an employer has sent the W-2s to their employees on timely basis.
• D)an employer must pay unemployment taxes.

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Definitions:

Interest

The cost of borrowing money or the earnings from lending money, typically expressed as a percentage of the principal.

Bond

A fixed-income investment in which an investor loans money to an entity (typically corporate or governmental) that borrows the funds for a defined period at a variable or fixed interest rate.