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Kohlmeier Industries had $87,950 of annual payroll taxes during the lookback period. The firm pays its employees biweekly on Wednesdays. Assuming that no payday has
Kohlmeier Industries had $87,950 of annual payroll taxes during the lookback period. The firm pays its employees biweekly on Wednesdays. Assuming that no payday has a tax liability in excess of $100,000, when are the payroll tax deposits due?
a) | By the end of the current month | |
b) | Within two weeks of the pay date | |
c) | By Friday of the current week | |
d) | By Wednesday of the following week |
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