If,on Any Day During the Month,an Employer Who Is a Monthly

question 36

Multiple Choice

If,on any day during the month,an employer who is a monthly schedule depositor accumulates a $100,000 tax liability,which of the following statements is true:

• A)The employer remits the tax by the next banking day and becomes a semiweekly depositor for the remainder of the calendar year,then goes back to being a monthly scheduled depositor in the following year.
• B)The deposit must be made by the last day of the month if the employer is a monthly schedule depositor.
• C)The deposit is made either the following Wednesday or Friday regardless if the employer is a semiweekly schedule depositor.
• D)The employer remits the tax by the next banking day and is now considered a semiweekly depositor for the remainder of the current year and for the entire following year.

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Definitions:

Newer Format

An updated or recently developed way of organizing data or presenting information.

Web Log

Another term for a blog, which is a regularly updated website or web page, typically run by an individual or small group, that is written in an informal or conversational style.

Online Journal

A digital periodical publication that can be accessed via the internet, covering various academic or specialized subjects.

Variance

A measure of the dispersion or spread of a set of data points, calculated as the average of the squared deviations from the mean.