If Rachels Grocery Store downsized its operation during the second quarter of 20XB and, as a result,
Question:
If Rachel’s Grocery Store downsized its operation during the second quarter of 20XB and, as a result, paid only $6,121.54 in Form 941 taxes for the quarter that ended on June 30, 20XB, should Rachel’s Grocery Store make Form 941 tax deposits monthly or semiweekly for 20XC?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (7 reviews)
Total 941 payroll tax deposits paid during th...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
Question Posted:
Students also viewed these Business questions
-
If Joan's Grocery Store downsized its operation during the second quarter of 201B and, as a result, paid only $6,119.83 in Form 941 taxes for the quarter that ended on June 30, 201B, should Joan's...
-
Lauren's Grocery Store made the following Form 941 payroll tax deposits during the look-back period of July 1, 201A, through June 30, 201B: Quarter Ended ................................ Amount Paid...
-
Joan's Grocery Store made the following Form 941 payroll tax deposits during the look-back period of July 1, 201A, through June 30, 201B: Quarter Ended .................................. Amount Paid...
-
Gombas Company decided to analyze certain costs for October of the current year. There was no beginning inventory. Units started into production equaled 14000, units transferred out equal 12000, and...
-
Alloisoleucine is the diastereomer of isoleucine. Draw Fischer projections of L - allo- isoleucine and D-alloisoleucine.
-
As a Retail Travel Professional, you have booked your clients a 7night Tour Package for 2 adults at a Gross Price of $1404.00 plus $341.18 taxes based on double occupancy. If the Tour Operator pays...
-
How is a service department charge rate determined?
-
(Issuance, Exercise, and Termination of Stock Options) On January 1, 2009, Scooby Corporation granted 10,000 options to key executives. Each option allows the executive to purchase one share of...
-
a. Discuss the relationship between improved transportation and economic development, provide relevant examples from any country of your choice? (7 marks) b. Discuss THREE risks that must be...
-
The General Social Survey has asked subjects, How long have you lived in the city, town, or community where you live now? The responses of 1415 subjects in one survey had a mode of less than 1 year,...
-
Rachels Grocery Store made the following Form 941 payroll tax deposits during the look-back period of July 1, 201A, through June 30, 201B: Quarter Ended Amount paid in 941 Taxes September 30, 201A...
-
https://tinyurl.com/slaterca14e to access Amazons 2016 Annual Report. The 2016 Amazon Annual report was issued way before the new tax act of 2018. How do you expect the income statement to change in...
-
When a gas is rapidly compressed (say, by pushing down a piston), its temperature increases. When a gas expands against a piston, it cools. Explain these changes in temperature using the kinetic...
-
Suppose the three - month LIBOR was 9 9 . 5 0 0 in March 2 0 1 2 and the six - month LIBOR was 9 9 . 3 0 0 in June 2 0 1 2 . What is the nine - month LIBOR in March 2 0 1 2 ?
-
what extent do Blue Ocean Strategy principles enable firms to transcend industry boundaries, redefine market spaces, and unlock uncontested market share by creating innovative value propositions that...
-
Cat Bearpaw has just won a sweepstakes and can choose between three prizes. a. $500,000 received 5 years from now. b. $100,000 now, plus $100,000 next year, plus $100,000 in two years. c. $40,000 per...
-
A treasury bond has a yield to maturity of 6.4%, a time to maturity of 6 years, and a coupon rate of 9%. What's the bond price?
-
US - based MNC borrows 1 0 0 million CAD for a year from a Canadian bank that charges 6 . 5 % annual interest rate. The exchange rate today is 1 CAD = $ 0 . 7 3 . Assume that the exchange rate...
-
Cite two problems with a breech presentation.
-
(a) What do data breach notification laws require? (b) Why has this caused companies to think more about security?
-
The following transactions occurred in November 201X for A. Glovers Placement Agency: 201X Nov. 1 A. Glover invested $5,000 cash in the placement agency. 1 Bought equipment on account from Tinker...
-
The following transactions occurred in November 201X for A. Glovers Placement Agency: 201X Nov. 1 A. Glover invested $5,000 cash in the placement agency. 1 Bought equipment on account from Tinker...
-
The following transactions occurred in November 201X for A. Glovers Placement Agency: 201X Nov. 1 A. Glover invested $5,000 cash in the placement agency. 1 Bought equipment on account from Tinker...
-
A 2 0 - year loan is repaid by a decreasing annuity of 2 0 , 1 9 , 1 8 , etc. Payments are made at the end of the year. The annual effective interest rate is 7 % . Complete the table below so that it...
-
A tool company uses just-in-time production on its assembly lines to manufacture tools. When producing tools, many costs are incurred, and one of these is the steel used in the tools. What type of...
-
Tina buys a put option on Tesla stock with a price of 4 , a strike price of $ 4 0 , and expiration date in December. The breakeven stock price is closet to the - share profit is closet to 1 minity 2...
Study smarter with the SolutionInn App