On a semiweekly deposit schedule, if payday falls on Saturday, Sunday, Monday, or Tuesday, by when must deposits be made?

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Multiple Choice

On a semiweekly deposit schedule, if payday falls on Saturday, Sunday, Monday, or Tuesday, by when must deposits be made?

In a semiweekly deposit schedule, the due date depends on when wages are paid within the two weekly deposit windows. Wages paid from Wednesday through Friday are deposited by the following Wednesday, while wages paid from Saturday through Tuesday are deposited by the following Friday. Since payday falls on Saturday, Sunday, Monday, or Tuesday, those wages belong to the window that ends on Friday, so the deposit must be made by the following Friday. If that Friday is a holiday, the deposit would be due on the next business day.

In a semiweekly deposit schedule, the due date depends on when wages are paid within the two weekly deposit windows. Wages paid from Wednesday through Friday are deposited by the following Wednesday, while wages paid from Saturday through Tuesday are deposited by the following Friday. Since payday falls on Saturday, Sunday, Monday, or Tuesday, those wages belong to the window that ends on Friday, so the deposit must be made by the following Friday. If that Friday is a holiday, the deposit would be due on the next business day.

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