13-4 Paying Withholding and Payroll Taxes

Federal unemployment tax is usually paid each month.

False

Some employers must deposit payments for withheld employees' federal income tax and social security and Medicare taxes on the next banking day.

True

The timing of payment of tax payments is based on the amount owed.

True

The source document for paying employee income tax and social security and Medicare tax is a. a check b. none of these c. a receipt d. a memorandum

a. a check

The source document for paying state unemployment tax is a. a check b. a receipt c. a memorandumThis answer is incorrect. d. none of these

a. a check

In general, employers are required to pay state unemployment taxes a. during the month following each calendar quarter b. monthly c. none of these d. annually

a. during the month following each calendar quarter

the 12-month period that ends on June 30th of the prior year

lookback period.