Magenta Company has four employees, and each employee earned $56,000 for the calendar year. Using a blank

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Magenta Company has four employees, and each employee earned $56,000 for the calendar year. Using a blank Form 940, complete Part 2, lines 3–8, to answer the following questions:

Quarter Ended

Amount paid in 941 Taxes

September 30,201A

$15,780.98

December 31,201A

13,891.89

March 31,201B

13,600.02

June 30,201B

14,031.69


Should Louise’s Grocery Store make Form 941 tax deposits monthly or semiweekly for 201C?

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College Accounting A Practical Approach

ISBN: 9780134729312

14th Edition

Authors: Jeffrey Slater, Mike Deschamps

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