Question: Federal Tax Deposit System ( LO 9 . 5 ) Hugo Inc. is a new business in 2 0 2 4 with seven employees. What

Federal Tax Deposit System (LO 9.5)
Hugo Inc. is a new business in 2024 with seven employees. What is Hugo's default deposit status for employment taxes and withholding?
a. Semiweekly
b. Next business day
c. Annual
d. Monthly

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