The Pear Corporation pays its employees every 2 weeks.During the look-back period, in each pay period the total withholding and FICA tax (employees' and employer's share)amounted to $750.How often must the Pear Corporation deposit payroll taxes?

Question

Quizplus · Accepted Answer

The IRS requires that if the total payroll tax liability is less than $2,500 for the quarter, the employer can deposit monthly. Since $750 every two weeks results in $1,500 per month, Pear Corporation can deposit monthly.

The Pear Corporation Pays Its Employees Every 2 Weeks