In the lookback period,if the employer reported total payroll taxes of more than $50,000,the employer is a semiweekly schedule depositor.

Name: In the lookback period,if the employer reported total payroll taxes of more than $50,000,the employer is a semiweekly schedule depositor.
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According to the IRS, employers who report total payroll taxes of more than $50,000 during the lookback period are considered semiweekly schedule depositors, which means they must deposit their payroll taxes twice a week.

In the Lookback Period,if the Employer Reported Total Payroll Taxes