Ralph Pew is the president of a small corporation, Yogurt for You, Inc. The company has two yogurt stores in malls in Mesa, Arizona. There were 22 employees in the stores in 1993. Pew, facing business startup costs, did not pay Yogurt for You's portion of the Social Security taxes (employees did have their shares withheld). Who is liable for the missing taxes?

Question

Quizplus · Accepted Answer

Both the corporation (Yogurt for You) and Ralph Pew, as the responsible officer, can be held liable for the unpaid taxes.

Ralph Pew Is the President of a Small Corporation, Yogurt