Which of the following deposit requirements pertains to a nonagricultural employer who has employer FICA taxes and withheld employee FICA taxes and income taxes of $125,000 at the end of payday on Friday, August 14, 20--?
A) No deposit is required until Tuesday, August 18.
B) The taxes must be deposited by the close of the next banking day.
C) The taxes must be deposited on or before August 31.
D) The undeposited taxes should be carried over to the end of September.
E) None of the above.
Correct Answer:
Verified
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