When must monthly depositors pay their social security and Medicare taxes?

Monthly depositors are required to pay their Social Security and Medicare taxes by the 15th of the month following the end of the month in which the payroll was made. This schedule is designed to ensure that funds are remitted to the government in a timely manner, allowing for accurate accounting of tax liabilities and obligations.

Choosing the 15th as the deadline provides fiscal agencies sufficient time to process these taxes efficiently while ensuring that businesses can manage their cash flow. This schedule also aligns with federal regulations that govern how and when employer tax payments should be submitted. In contrast, other dates such as the 5th, 10th, or 20th do not correspond with the established guidelines for monthly depositors, making them incorrect choices for this particular question.