Which of the following statements is NOT correct? The accountant obtains information about wages subject to payroll taxes from the payroll register. Most commercial banks are authorized to accept the employee's tax deposits for federal income taxes withheld and the employer's and employees' shares of social security taxes. Payroll tax deposits can be made electronically or using a Federal Tax Deposit Coupon, Form 8109. The "lookback period", in regard to payroll taxes, is defined as the previous month