Reference no: EM133220562
1. When completing your Schedule B on Form 941 to which specific dates should the tax liabilities correspond?
The dates that you accrued your payroll liabilities
The dates that you deposited your payroll liabilities
The end of the pay period
The dates that you paid the wages to your employees
2. Bob has chosen to be exempt from federal withholding on his W-4. He should only file as exempt for the tax year if which 2 statements are true?
He owed no federal income taxes in the previous year
He expects to receive a federal refund for the current year
He owed no federal and state income taxes in the previous year
He expects to owe no federal income taxes for the current year
He expects to receive a federal and state refund for the current year