The payroll period for a semiweekly schedule depositor ends on and is paid on Friday,July 10^th.The employer must deposit the federal taxes withheld for this pay period on or before:

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As a semiweekly schedule depositor, the employer must deposit the federal taxes withheld on or before the Wednesday following the payroll period end date. In this case, the payroll period ends on July 10th (Friday), so the taxes must be deposited on or before July 15th (Wednesday) to meet the deposit deadline. Choice A and B are incorrect because they do not follow the semiweekly deposit schedule. Choice D is incorrect because it applies to monthly depositors, not semiweekly depositors.

The Payroll Period for a Semiweekly Schedule Depositor Ends on and Is