Bailey Plyler has three employees in his carpet cleaning business. The payroll is semimonthly and the employees earn $710, $835, and $1,100 per pay period. Based on the fact that the employer is required to pay the SUTA tax, calculate when and in what amounts FUTA tax payments are to be made for the year. Select the correct choice below and fill in the answer box(es) within your choice. O A. The year payment, $ must be deposited by January 31 of the next year. O B. The year payment, $ must be deposited by March 31. O C. The first payment, $ must be deposited by May 31, and the second payment, $ must be deposited by January 31 of the next year.

Bailey Plyler has three employees in his carpet cleaning business. The payroll is semimonthly and the employees earn $710, $835, and $1,100 per pay period. Based on the fact that the employer is required to pay the SUTA tax, calculate when and in what amounts FUTA tax payments are to be made for the year. Select the correct choice below and fill in the answer box(es) within your choice. O A. The year payment, $ must be deposited by January 31 of the next year. O B. The year payment, $ must be deposited by March 31. O C. The first payment, $ must be deposited by May 31, and the second payment, $ must be deposited by January 31 of the next year.

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter1: Federal Income Taxation—an Overview

Section: Chapter Questions

Problem 73TA

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