Question

If you are a semi weekly depositor of federal payroll taxes and your payday falls on Tuesday then you must deposit your taxes by the following?

A Monday
B Tuesday
C Wednesday
D Thursday
E Friday

Answer 1

Friday

Step-by-step explanation:

If you are a semi weekly schedule depositor, and you generally must deposit your employment taxes based on the following schedule:

If your payday is on Wednesday, Thursday, and/or Friday, you must deposit these taxes by the following Wednesday.

If your payday is on Saturday, Sunday, Monday, and/or Tuesday, you must deposit these taxes by the following Friday.