Hodgdon Industries, a semi-weekly schedule depositor, pays its employees semimonthly on the 1^st and 15^th of the month. Per company policy, employees are paid their annual bonuses on December 14, the final payday of the year for 2017. On Thursday, December 14, the bonuses were paid and the payroll tax liability was $103,850. When are the payroll tax deposits due for the December 14 pay date?

Question

Quizplus · Accepted Answer

The Answer of Hodgdon Industries, a semi-weekly schedule depositor, pays its employees semimonthly on the 1^st and 15^th of the month. Per company policy, employees are paid their annual bonuses on December 14, the final payday of the year for 2017. On Thursday, December 14, the bonuses were paid and the payroll tax liability was $103,850. When are the payroll tax deposits due for the December 14 pay date?

Hodgdon Industries, a Semi-Weekly Schedule Depositor, Pays Its Employees Semimonthly