AFP
CTP · Question #353
(Topic 4) An analyst at Davis Company uses the tax payment (TXP) banking convention for payment of state taxes. The analyst is preparing to pay $650,000 in taxes to the state where Davis payment?
The correct answer is A. ACH Credit. See the full explanation below for the reasoning.
Question
- (Topic 4)
An analyst at Davis Company uses the tax payment (TXP) banking convention for payment of state taxes. The analyst is preparing to pay $650,000 in taxes to the state where Davis payment?
Options
- AACH Credit
- BFedwire Credit
- CCertified Check
- DMultiple Drawee Check
How the community answered
(15 responses)- A87% (13)
- B7% (1)
- C7% (1)
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