The anderson company started its business on august 3 2013


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? Monthly because its accumulated tax liability is not more than $100,000 on any one day. Monthly because new companies do not have a look back period. Semiweekly because its accumulated tax liability is $100,000 for the month. Semi weekly for this pay period only and then monthly for the remainder of the year.

Request for Solution File

Ask an Expert for Answer!!
Financial Accounting: The anderson company started its business on august 3 2013
Reference No:- TGS01003215

Expected delivery within 24 Hours