Answer:
A) True
Explanation:
As stated by the IRS, employees' income taxes must be computed on the basis of of a tax year. In this specific case the tax year is the same as a the calendar year, i.e. begins January 1 and lasts 12 consecutive months until December 31. This is known as a required tax year, since the IRS's tax regulations require it to be that way.
This also applies to sole proprietors, partners and shareholders in an S corporation.
