Asked by Gamaliel Moreno on Jul 22, 2024
Verified
How often are federal employment taxes deposited for the practice?
A) Every other week
B) Monthly
C) Quarterly
D) Yearly
E) According to the federal tax deposit schedule
Federal Employment Taxes
Taxes imposed by the federal government on employers and employees, including income tax withholding, Social Security, and Medicare taxes.
Federal Tax Deposit Schedule
The timetable set by the IRS for businesses to deposit employee withheld taxes and FICA taxes.
Practice
The act of repeatedly performing activities or exercises to acquire or maintain proficiency in a particular skill or knowledge area.
- Recognize the requirements and schedules for federal employment tax deposits.
Verified Answer
AR
Andrea Romero RamosJul 27, 2024
Final Answer :
E
Explanation :
The frequency of federal employment tax deposits is determined by the federal tax deposit schedule, which can vary based on the amount of tax owed and past filing history. It is not strictly monthly, quarterly, or any other fixed period for all employers.
Learning Objectives
- Recognize the requirements and schedules for federal employment tax deposits.