Treated as payroll tax depositor

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Reference no: EM13750042

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.

Reference no: EM13750042

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