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Burtin Book Memorabilia is a semiweekly depositor. Following the success of a special project, Kelly Burton, the owner, pays each of the 250 employees a
Burtin Book Memorabilia is a semiweekly depositor. Following the success of a special project, Kelly Burton, the owner, pays each of the 250 employees a $20,000 bonus on August 16, 2018. Assuming a 25 percent income tax rate, when will Kelly need to deposit the payroll taxes? Is it next business day or Aug. 23?
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