A monthly depositor:
A) is an employer who only has to deposit Form 941 taxes on the 15th day of the month (or next banking day).
B) is determined by the amount of Form 941 taxes that they paid in the look-back-period.
C) will remain a monthly depositor, once classified, for one year at which time they will be reevaluated.
D) All of the above answers are correct.

Question

Quizplus · Accepted Answer

A monthly depositor is determined by the amount of Form 941 taxes that they paid in the look-back-period and will remain a monthly depositor, once classified, for one year at which time they will be reevaluated.

A Monthly Depositor