Describe the lookback period


Response to the following :

1. Lookback Period

Describe the lookback period and discuss its significance for purposes of determining an employer's deposit frequency

2. Deposit Dates

For each of the following situations, determine the employer's required deposit date.

a. A monthly depositor whose payroll period ends on Friday, October 28.

b. A semiweekly depositor whose payroll period ends on Wednesday, April 12.

c. A semiweekly depositor whose payroll period ends on Friday, December 28.

d. A monthly depositor whose payroll period ends on Tuesday, May 15.

 

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Taxation: Describe the lookback period
Reference No:- TGS02109837

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