Which of the Following Deposit Requirements Pertains to a Semiweekly

question 54

Multiple Choice

Which of the following deposit requirements pertains to a semiweekly depositor who has accumulated employment taxes of $17,500 on payday, Saturday, May 17?

• A) No deposit is required until May 19, the next banking day.
• B) The undeposited taxes should be carried over to the next payday on May 24.
• C) The taxes must be deposited on or before Tuesday, May 20.
• D) The taxes must be deposited on or before Friday, May 23.
• E) None of the above.

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Definitions:

Initial Contract

The first agreement negotiated between a union and an employer outlining wages, hours, and working conditions for unionized employees.

Union Dues

The fees paid by members to a labor union to fund the organization's activities, including collective bargaining, legal services, and member benefits.

Taft-Hartley Act

A 1947 federal law in the United States that acts as an amendment to the National Labor Relations Act, placing restrictions on labor unions, including prohibiting certain union practices and expanding the rights of employers.

National Boycott

A collective action by a group of people or organizations refusing to use, buy, or deal with products or services as a form of protest, typically on a national scale.