Examlex
Technical analysts:
Semiweekly Schedule Depositor
A designation for businesses that must deposit payroll taxes on a semiweekly basis, determined by the amount of their tax liability.
Payroll Tax Liability
The obligation of employers to withhold and pay taxes on behalf of their employees, such as social security and Medicare taxes.
Authorized Depository
A financial institution authorized to accept deposits from individuals and businesses.
Form 941
Form 941 is a quarterly tax form that employers use to report income taxes, social security tax, or Medicare tax withheld from employees' paychecks.
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