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Assume the following data for Heart Tattoo Parlor for the quarter ended September 30. Number of employees for third quarter: 7 . Gross earnings
Assume the following data for Heart Tattoo Parlor for the quarter ended September 30. Number of employees for third quarter: 7 . Gross earnings $64,542.00 Employee FICA taxes $4,937.46 Federal income tax $13,471.00 State income tax $2,060.20 . Employer FICA taxes $4,937.46 Federal unemployment tax $16.40 State unemployment tax $147.64 Monthly federal income tax and FICA tax liability: July $8,632.15, August $7,924.17, and September $6,789.60 Federal income tax and FICA tax total monthly deposits for third quarter: $23,715.12
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