Final answer:
Payroll taxes refer to taxes paid by employers on employees' salaries. A monthly depositor with a payroll tax liability of $105,000.00 must deposit this amount with the taxing jurisdiction on a quarterly or annual basis.
Step-by-step explanation:
Payroll taxes are taxes that employers are required to pay on their employees' salaries. They generally fall into two categories: deductions from an employee's wages and taxes paid by the employer based on the employee's wages. In the case of a monthly depositor with a payroll tax liability of $105,000.00, this amount must be deposited with the taxing jurisdiction on a quarterly or annual basis.