The Anderson Company started its business on August 3, 2013. On August 17th, it paid wages for

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The Anderson Company started its business on August 3, 2013. On August 17th, it paid wages for the first time and accumulated a tax liability of $47,000. On August 30th, it incurred an additional tax liability of $53,000. How is the Anderson Company treated as a payroll tax depositor? (Points : 1)

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

Monthly because new companies do not have a lookback period.

Semiweekly because its accumulated tax liability is $100,000 for the month.

Semiweekly for this pay period only and then monthly for the remainder of the year.

Related Book For answer-question

Income Tax Fundamentals 2015

ISBN: 9781305177772

33rd edition

Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill

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Posted Date: Jan 07, 2021 10:17 PM

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The Anderson Company started its business on August 3, 2013. On August 17th, it paid wages for

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Semi weekly for this pay period only and then monthly for the remainder of the year The Anderson ... View the full answer

Income Tax Fundamentals 2015

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