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PrimePay debits the employer's bank account on which day for total tax liability?

a) The last day of the month
b) The 15th day of the month
c) The first day of the month
d) Every Monday

User Anetta
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1 Answer

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Final answer:

PrimePay may debit an employer's bank account for total tax liability based on the agreed payment schedule, commonly on the last day or the mid of the month, depending on tax payment due dates or the payroll cycle.

Step-by-step explanation:

The specific day that PrimePay debits an employer's bank account for total tax liability can vary based on the payroll provider's policies and the payment schedule agreed upon with the employer. Typically, payroll companies such as PrimePay will debit an employer's account either on the due date of tax payment, which could be the last day of the month, or the 15th day of the month, or according to the employer's payroll cycle, which could be on a weekly or monthly basis.

It is essential for employers to understand their specific tax liability payment schedule to avoid any penalties or issues with tax agencies. If you are referring to a specific rule or context provided by PrimePay, it is recommended that you consult the tax payment guidelines issued by PrimePay or contact their customer service for the most accurate information.

User JakeHova
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