The entrepreneur has which of the following responsibilities regarding taxes?
A)Withhold federal and state taxes for employees.
B)Pay state and federal unemployment taxes.
C)File end-of-year tax returns.
D)All of these.

Question

Quizplus · Accepted Answer

As an employer and business owner, entrepreneurs have the responsibility to withhold federal and state taxes for employees, pay state and federal unemployment taxes, and file their end-of-year tax returns. Failing to do so can result in penalties and legal consequences. Therefore, all options are correct.

The Entrepreneur Has Which of the Following Responsibilities Regarding Taxes