Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Assume the following data for Blossom Tattoo Parlor for the quarter ended September 30. . Number of employees for third quarter: 7 Gross earnings $80,013.60
Assume the following data for Blossom Tattoo Parlor for the quarter ended September 30. . Number of employees for third quarter: 7 Gross earnings $80,013.60 Employee FICA taxes $6.127.96 Federal income tax $16,716,80 State income tax $2.550.20 Employer FICA taxes $6,115.96 Federal unemployment tax $24.20 State unemployment tax $184.12 Monthly federal income tax and FICA tax liability: July $10.689.72. August $9,815,33. and September $8.401.60 Federal Income tax and FICA tax total monthly deposits for third quarter $29.422.10 . . . What amounts would be entered on Form 941 for the following line items? (Round answers to 2 decimal places 52.75 Une 3: Federal income tax withheld. $ Line Sa (Column 2): Taxable Social Security wages $ Line 5c (Column 2 Taxable Medicare wages and tips. $ Line : Total taxes before adjustments 5 Line 11: Total deposits for this quarter $ Line 12 Balance due 5 Line 13: Overpayment e Textbook and Media O DII 0
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started