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The Anderson Company started its business on August 1st. On August 15th, it paid wages...

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Accounting

The Anderson Company started its business on August 1st. On August 15th, it paid wages for the first time and accumulated a tax liability of $47,000. On August 29th, it incurred an additional tax liability of $53,000. How is the Anderson Company treated as a payroll tax depositor?
Question 6 options:
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.
Semiweekly, for this pay period only and then monthly for the remainder of the year.

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