Question and answer
The requirements for depositing FICA taxes and income taxes withheld from employees' wages vary according to the amount of such taxes reported during a "lookback period." True or False.
The requirements for depositing FICA taxes and income taxes withheld from employees' wages vary according to the amount of such taxes reported during a "lookback period." TRUE. [ ]
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tmiller14|Points 1298|
Question
Asked 7/28/2016 11:37:59 AM
Updated 66 days ago|7/15/2020 1:23:47 PM
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This answer has been confirmed as correct and helpful.
Edited by Masamune [7/15/2020 1:23:45 PM], Confirmed by Masamune [7/15/2020 1:23:46 PM]
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Under FICA, employers must collect the employee's FICA taxes on tips reported by each employee. (Points : 5)
Question
Updated 1/6/2018 12:55:56 PM
1 Answer/Comment
Under FICA, employers must collect the employee's FICA taxes on tips reported by each employee. TRUE.
Added 1/6/2018 12:55:56 PM
This answer has been confirmed as correct and helpful.
If on any day during a deposit period an employer has accumulated $100,000 or more in undeposited employment taxes, the taxes must be deposited on the next banking day. TRUE or FALSE.
Weegy: If on any day during a deposit period an employer has accumulated $100,000 or more in undeposited employment taxes, the taxes must be deposited on the next banking day. TRUE. (More)
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Updated 7/28/2016 8:43:02 PM
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