If the employer is tardy in paying the state contributions, the credit against the federal tax is limited to what percent of the late payments that would have been allowed as a credit if the contributions had been paid on time?

Question

Quizplus · Accepted Answer

The credit against the federal tax for late payments of state contributions is limited to 90% of what would have been allowed if the contributions had been paid on time.

If the Employer Is Tardy in Paying the State Contributions