An employer's portion of social security and withheld income taxes for the quarter are less than $2,500. The employer must deposit the taxes at its bank at the time of filing the fourth quarter Form 941.

Question

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If an employer's total tax liability for Social Security, Medicare, and withheld income taxes for the quarter is less than $2,500, they can pay it with their Form 941 instead of depositing it. This option is available unless they are subject to the $100,000 next-day deposit rule.

An Employer's Portion of Social Security and Withheld Income Taxes