A Report That Is Sent to Users on a Predetermined

question 54

True/False

A report that is sent to users on a predetermined schedule is called a push report.

---

Definitions:

Federal Income Tax

The annual income of individuals, corporations, trusts, and other legal entities is subject to a tax imposed by the IRS.

Monthly Schedule Depositor

A designation for businesses that are required to deposit employment taxes on a monthly basis, typically when their tax liability in a lookback period exceeds certain thresholds.

Tax Liability

The total amount of tax owed to the IRS or other tax authorities after all deductions, credits, and exemptions.

Semiweekly Depositor

A semiweekly depositor is a business that must deposit employment taxes on Wednesdays or Fridays, depending on the day wages are paid, due to the size of its payroll.