The payroll period for a semiweekly schedule depositor ends on and is paid on Friday, July 10, 2015. The employer must deposit the federal taxes withheld for this pay period on or before:

Question

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According to the semiweekly deposit schedule, deposits for wages paid on Wednesday, Thursday, and/or Friday must be made by the following Wednesday. Therefore, the federal taxes withheld for the payroll period ending on Friday, July 10, 2015 must be deposited on or before the following Wednesday, July 15, 2015.

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