The Current Tax Payment Act changed employer remittance of taxes by:
A)Instituting the mandatory transfer of payroll tax liabilities.
B)Legislating the amounts of tax withheld from each employee.
C)Requiring employers to remit taxes at specific times during the year.
D)Calling for employers to remit only the current portions of taxes due.

Question

Quizplus · Accepted Answer

The Current Tax Payment Act required employers to remit taxes at specific times during the year. This was done to ensure that taxes were paid in a more timely manner and to provide the government with a more regular source of revenue. This act also helped to reduce the government's reliance on borrowing to meet its expenses.

The Current Tax Payment Act Changed Employer Remittance of Taxes