Question

The person responsible for withholding on payments to a foreign person is which of the following?...

The person responsible for withholding on payments to a foreign person is which of the following?

a. Withholding agent

b. Employer

c. IRS agent

d. Taxpayer

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Withholding agent is specifically responsible for withholding the payments, custody of the payments, control of the payments, disposal of the payments of a foreign national.

It can be said that withholding agent is person who is responsible for control, receipts, disposal of the withdrawals of a foreign national and is responsible for withholding on the payments to a foreign person.

other answers are not correct because employer and taxpayer along with IRS agent is not responsible for withholding the payments to the foreign person.

Correct answer will be option(A) Withholding Agent.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Which of the following is NOT an exception to the penalty for failure to pay esstimated...
Which of the following is NOT an exception to the penalty for failure to pay esstimated tax? A. The total balance due after withholding is less than $1,000, B. The total balance due after withholding is less than $5,000, C. the taxpayer paid (through withholding and/or timely estimated tax payments) as least 90% of the current year's tax liability, D. The taxpayer paid (through withholding and/or timely estimated tax payments) at least 100% of the previous year's tax liability, or...
QUESTION 29 The Securities and Exchange Commission is responsible for enforcing the provision of the Foreign...
QUESTION 29 The Securities and Exchange Commission is responsible for enforcing the provision of the Foreign Corrupt Practices Act that requires that American companies do which of the following? a. Keep accurate records so that illegal payments to foreign officials come to light. b. Notify the SEC of antitrust violations by foreign nationals. c. Register end-user sales with the State Department. d. Sell stock to foreign investors only through the agents of registered brokerages. QUESTION 30 ________ are the maximum...
Media services,Inc. Has payroll in which the total employee withholding is $765.26; the total employee social...
Media services,Inc. Has payroll in which the total employee withholding is $765.26; the total employee social security tax is $273.92; the total employer social security is $273.92; the total employee medicare tax is $64.06. how much medicare tax must the employer pay for this payroll? what is the total amount of taxes that must be sent to IRS for the payroll?
10. Which of the following payments could be treated as a constructive dividend by the IRS?...
10. Which of the following payments could be treated as a constructive dividend by the IRS? Multiple Choice A. End of year bonus payment to a shareholder/employee B. Rent paid to a shareholder/lessor C. Interest paid to a shareholder/creditor D. All of these payments could be treated as a constructive dividend by the IRS
When a third person is dealing with a known agent, which of the following is true?...
When a third person is dealing with a known agent, which of the following is true? a. The third person may not act negligently. b. The burden of proof rests with the third person when a dispute arises. c. The third party must use reasonable diligence. d. The third person cannot be held liable for negligence. ------------------------------------------ The principal and agent have what type of relationship with each other? a. Fiduciary b. Statutory c. Arm’s length d. Equitable --------------------------------------------------------------------------------------------------------- An...
Interest payments on foreign debt count as income streams to foreign entities, for the country paying...
Interest payments on foreign debt count as income streams to foreign entities, for the country paying debt service these transactions cause which of the following? A) debit on the current account B) debit on financial account C) debit on capital account D) credit on current account.
53. A communicable disease that can be easily transmitted from person to person is which type...
53. A communicable disease that can be easily transmitted from person to person is which type of disease?    A. contagious               B. iatrogenic                      C. acute                              D. nosocomial 54. Which of the following is the essential criterion for defining a "carrier state"?              A. Presence of disease agent in the body                                                                                                                                B. Absence of recognizable symptoms and signs of the disease                                                                                                                                      C. Shedding of the disease agent in the discharges of secretions                                                                                             D. All of the above 55. Which of the...
1.In each of the following independent situations, calculate the amount of FICA withholding from the employee's...
1.In each of the following independent situations, calculate the amount of FICA withholding from the employee's 2018 salary by the employer. If required, round your answers to nearest dollar. If an amount is zero, enter "0". Amount of FICA a. Harry earns a $50,000 salary, files a joint return, and claims four withholding allowances. $ b. Hazel earns a $115,000 salary, files a joint return, and claims three withholding allowances. $ c. Tracy earns a $190,000 salary, files a joint...
Which of the following is a covered person under the medical payments coverage of the personal...
Which of the following is a covered person under the medical payments coverage of the personal auto policy (PAP)? Select one: a. a family member of the named insured if struck by an auto while crossing the street b. a pedestrian struck by the named insured's auto c. the named insured while she is operating her car as a taxi d. a carjacker who is involved in an accident after stealing the insured's car No-fault auto insurance in the US...
Which of the following is not rights provided to taxpayers under The Taxpayer Bill of Rights?...
Which of the following is not rights provided to taxpayers under The Taxpayer Bill of Rights? A. The right to know what they need to do to comply with the tax laws. B. The right to receive prompt , courteous and professional assistance in their dealings with the IRS. C. The right to know the maximum amount of time they have to challenge the IRS position. D. The right to reschedule the audit as many times as the taxpayer or...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT