On a semiweekly deposit schedule, if payday falls on Wednesday, Thursday, or Friday, by when must deposits be made?

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Multiple Choice

On a semiweekly deposit schedule, if payday falls on Wednesday, Thursday, or Friday, by when must deposits be made?

Under a semiweekly deposit schedule, when payroll is paid later in the week, the IRS sets the deposit due date as the following midweek. Specifically, if wages are paid on Wednesday, Thursday, or Friday, the payroll tax deposits must be made by the following Wednesday. This keeps the deposit window consistent for end-of-week paydays, rather than requiring immediate deposits on the same day. For example, a Thursday payroll must be deposited by the next Wednesday, and a Friday payroll by the next Wednesday. Deposits for paydays earlier in the week would follow the other timing rule (due by the following Friday), but that pattern does not apply to mid- to late-week paydays.

Under a semiweekly deposit schedule, when payroll is paid later in the week, the IRS sets the deposit due date as the following midweek. Specifically, if wages are paid on Wednesday, Thursday, or Friday, the payroll tax deposits must be made by the following Wednesday. This keeps the deposit window consistent for end-of-week paydays, rather than requiring immediate deposits on the same day. For example, a Thursday payroll must be deposited by the next Wednesday, and a Friday payroll by the next Wednesday. Deposits for paydays earlier in the week would follow the other timing rule (due by the following Friday), but that pattern does not apply to mid- to late-week paydays.

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