27. assume that a company has $20,000 of federal payroll taxes each year for the past two years. how…

27. assume that a company has $20,000 of federal payroll taxes each year for the past two years. how frequently must the company deposit the federal payroll taxes withheld from its employees who are paid weekly? select... quarterly monthly weekly semi - weekly form 941 to the irs?

27. assume that a company has $20,000 of federal payroll taxes each year for the past two years. how frequently must the company deposit the federal payroll taxes withheld from its employees who are paid weekly? select... quarterly monthly weekly semi - weekly form 941 to the irs?

Answer

Brief Explanations:

In the US, if a company has accumulated $20,000 or more in federal payroll taxes in a look - back period and pays employees weekly, it is a semi - weekly schedule depositor. Semi - weekly depositors must deposit federal payroll taxes on Wednesdays for taxes withheld on paydays from Saturday through Tuesday, and on Fridays for taxes withheld on paydays from Wednesday through Friday.

Answer:

Semi - weekly