Employees CIT Payable and Employees SIT Payable are:a. not required to be deposited.b. deposited separately with separate agencies (city/locality or state).c. liability accounts that hold the employer's share of SIT and CIT withholding.d. made to the same taxing agency and therefore made together.

Employees CIT Payable and Employees SIT Payable are:a. not required to be deposited.b. deposited separately with separate agencies (city/locality or state).c. liability accounts that hold the employer's share of SIT and CIT withholding.d. made to the same taxing agency and therefore made together.

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter8: Employer Taxes, Payments, And Reports

Section: Chapter Questions

Problem 4QY

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Question

Employees CIT Payable and Employees SIT Payable are:
a. not required to be deposited.
b. deposited separately with separate agencies (city/locality or state).
c. liability accounts that hold the employer's share of SIT and CIT withholding.
d. made to the same taxing agency and therefore made together.

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