If on Any Day During the Month,an Employer Accumulates $100,000

question 7

Multiple Choice

If on any day during the month,an employer accumulates $100,000 or more in tax liability,the taxes must be deposited:

• A)By the next banking day.
• B)Before the close of the business day in which the liability occurs.
• C)By the last day of the week if the employer is a monthly depositor.
• D)By either the following Wednesday or Friday if the employer is a semiweekly schedule depositor.