If a contractor's total Federal withholding taxes are $750.00, what must they do by the 15th of the next month?

The requirement for a contractor to deposit federal withholding taxes by the 15th of the next month is based on IRS regulations. Employers are responsible for depositing amounts withheld from their employees' wages, including federal income tax, Social Security, and Medicare taxes. The timing of these deposits depends on the total tax liabilities.

By the 15th of the following month, the contractor must ensure the federal withholding tax amount is deposited with the IRS to stay compliant with tax obligations. This deposit helps maintain the tax schedule and avoids penalties for late payments. Routine adherence to this schedule is essential for any contractor managing payroll and employee withholdings effectively.

Filings or notifications may occur, but the immediate action required in this context is the timely deposit of the withholding taxes, confirming the contractor's adherence to IRS deposit requirements. The other actions are related but would not fulfill the immediate obligation that comes due on the 15th.