By which day of the month must a monthly depositor submit the employer's share of social security and Medicare taxes if they were withheld?

A monthly depositor is required to submit the employer's share of Social Security and Medicare taxes by the 15th day of the month following the month in which the taxes were withheld. This deadline is set forth by the Internal Revenue Service (IRS) and applies to employers who deposit their federal payroll taxes on a monthly basis.

Understanding the timeline is crucial; it ensures that businesses remain compliant with federal tax regulations and avoid penalties for late payment. The 15th-day requirement gives employers a clear and specific timeframe to follow, simplifying the payment schedule and enhancing financial planning.

In contrast, other dates listed do not meet the IRS's specified timeline for monthly depositors, making them incorrect choices in this context.