Amour Company started its business on July 23, 2021. On August 6, it paid wages for the

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Amour Company started its business on July 23, 2021. On August 6, it paid wages for the first time and accumulated a tax liability of $48,000. On Friday, August13, it incurred a tax liability of $52,000. How is Amour Company treated as a depositor?

a. Monthly because new companies do not have a lookback period.

b. Semi weekly because its accumulated tax liability is $100,000.

c. Monthly because its accumulated tax liability is not more than $100,000 on any one day.

d. Semi weekly for this pay period only and then monthly for the remainder of the year.

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Fundamentals Of Taxation 2022

ISBN: 9781264209408

15th

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander

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Question Posted: Apr 30, 2023 07:37 AM

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Amour Company started its business on July 23, 2021. On August 6, it paid wages for the

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Fundamentals Of Taxation 2022

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