Final answer:
The deposits for wages paid on Wednesday, Mar 26, and Thursday, Mar 27, totaling D) $102,000 are due on the following Wednesday, which is Tuesday, April 1, according to the semiweekly deposit rule.
Step-by-step explanation:
The question presents a scenario where wages paid on Wednesday, Mar 26, and Thursday, Mar 27, result in a deposit liability of $90,000 and $12,000 respectively.
According to the semiweekly deposit rule, employers who pay wages on Wednesday, Thursday, or Friday must deposit their payroll taxes by the following Wednesday, and for wages paid on Saturday, Sunday, Monday, or Tuesday, the deposit is due by the following Friday.
In this case, wages paid on Wednesday and Thursday fall under the first category. However, since Apr 15 is mentioned as a nonbanking day, it is irrelevant to the situation as it is well beyond the deposit due date for the given wage payments. Hence, based on the rule, the deposits would be due on the following Wednesday after the last payroll day.
Therefore, the answer is: D. $102,000 is due on Tuesday, April 1. This combines both the $90,000 and $12,000 liabilities and adheres to the semiweekly rule's timing requirement regarding wage payment days and respective deposit due dates.