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An analyst at Davis Company uses the tax payment (TXP) banking convention for payment of...

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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 Company is domiciled. What payment method will the analyst use to make the tax payment?

A.

ACH Credit

B.

Fedwire Credit

C.

Certified Check

D.

Multiple Drawee Check

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AFP CTP Summary

  • Vendor: AFP
  • Product: CTP
  • Update on: Oct 21, 2025
  • Questions: 1076
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TESTED 21 Oct 2025