The Anderson Company Started Its Business on August 3^rd

question 26

Multiple Choice

The Anderson Company started its business on August 3^rd.On August 14^th,it paid wages for the first time and accumulated a tax liability of $47,000.On August 28,it incurred an additional tax liability of $53,000.How is the Anderson Company treated as a payroll tax depositor?

• A)Monthly because its accumulated tax liability is not more than $100,000 on any one day.
• B)Monthly because new companies do not have a look back period.
• C)Semiweekly because its accumulated tax liability is $100,000 for the month.
• D)Semiweekly for this pay period only and then monthly for the remainder of the year.

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Definitions:

Elimination

The process of removing or getting rid of something, often used in biological contexts to refer to the expulsion of waste from the body.

Elimination By Aspects

A decision-making process where options are eliminated based on specific criteria until one option remains.

Additive Strategy

An approach to decision making that involves considering all the important attributes of a choice and explicitly adding up their respective values to make a decision.

Heuristics

Mental shortcuts or rules of thumb that simplify decision making, but can lead to biases or errors in judgment.