federal tax deposits (FTD)
Definition from Nolo’s Plain-English Law Dictionary
The biweekly or monthly deposit an employer is required make in a federal depository (bank) to submit payroll taxes withheld from employees, as well as employer contributions for Social Security and Medicare taxes, to the IRS.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:16 pm
