If on Any Day During the Month,an Employer Accumulates $100,000

question 59

Multiple Choice

If on any day during the month,an employer accumulates $100,000 or more in tax liability,the taxes must be deposited:

• A)Before the close of the business day on which the liability occurs.
• B)By the last day of the month if the employer is a monthly schedule depositor.
• C)By either the following Wednesday or Friday if the employer is a semiweekly schedule depositor.
• D)By the next banking day.

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Definitions:

Title VII

Part of the Civil Rights Act of 1964, prohibiting employment discrimination based on race, color, religion, sex, or national origin.

Civil Rights Act

A landmark piece of legislation in the United States that outlawed discrimination based on race, color, religion, sex, or national origin.

FTC

The Federal Trade Commission, a U.S. government agency tasked with protecting consumers and promoting competition.

Industry Affecting Commerce

Refers to how the operations, innovations, or issues within a specific industry can impact the broader commerce sector, often influencing economic activity and regulation.