Reflecting a Long-Standing Tradition, Top Managers at Tallyson Corporation Rarely

question 155

True/False

Reflecting a long-standing tradition, top managers at Tallyson Corporation rarely meet directly with other employees, preferring to communicate by sending memos and e-mail messages. This practice is likely to create an organizational communication barrier within the company.

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Definitions:

Semiweekly Schedule Depositor

A designation for businesses that must deposit payroll taxes on a semiweekly basis, determined by the amount of their tax liability.

Payroll Tax Liability

The obligation of employers to withhold and pay taxes on behalf of their employees, such as social security and Medicare taxes.

Authorized Depository

A financial institution authorized to accept deposits from individuals and businesses.

Form 941

Form 941 is a quarterly tax form that employers use to report income taxes, social security tax, or Medicare tax withheld from employees' paychecks.