A monthly depositor is one who reported employment taxes of $50,000 or more for the four quarters in the lookback period.

Name: A monthly depositor is one who reported employment taxes of $50,000 or more for the four quarters in the lookback period.
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A monthly depositor is typically one who reported $50,000 or less in taxes during the lookback period. Employers who reported more than $50,000 are usually classified as semi-weekly depositors.

A Monthly Depositor Is One Who Reported Employment Taxes of $50,000