11- PLEASE ANSWER FOR BETTER UNDERSTANDING

Baker Company is trying to determine how often it needs to deposit payroll taxes for calendar year 2018. The company made the following quarterly payroll tax deposits during the last two years:

Quarter beginning January 1, 2016	$7,200
Quarter beginning April 1, 2016	7,200
Quarter beginning July 1, 2016	7,650
Quarter beginning October 1, 2016	8,250
Quarter beginning January 1, 2017	8,250
Quarter beginning April 1, 2017	8,250
Quarter beginning July 1, 2017	7,650
Quarter beginning October 1, 2017	8,250

a. What is the amount from the lookback period?

b. In 2018, how often must Baker Company make payroll deposits?

• Bi-weekly

• Monthly

• Quarterly

• Half yearly

• Annually