Examlex
Which of the following is considered a likely explanation for the events of the Cambrian explosion?
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.
FICA Withholding
Refers to the payroll taxes automatically deducted from an employee's paycheck to fund Social Security and Medicare programs.
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