Question
Based on activity in the lookback period, Hugo Corp is on a semiweekly deposit schedule for income and employment taxes in 2022. In the weekly
Based on activity in the lookback period, Hugo Corp is on a semiweekly deposit schedule for income and employment taxes in 2022. In the weekly payroll period ending Sunday, March 13, 2022, Hugo paid executive bonuses that triggered income tax withheld and FICA taxes of $134,649 for that pay period. On what date is Hugo’s next required deposit?
Springs Corp. is a semiweekly depositor and processes payroll on Thursday, September 22, 2022. The resulting tax deposit of income tax withholding and FICA taxes of $7,800 is due on what date?
Rosarita Company is a semiweekly depositor and processes payroll on Monday, April 11, 2022. The resulting tax deposit of income tax withholding and FICA taxes of $7,800 is due on what date?
Encinitas Inc. is a new company and did not have any employees during the previous quarters. The first payroll is processed on August 9, 2022. The resulting tax deposit of income tax withholding and FICA taxes of $6,700 is due on what date?
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For Hugo Corp Hugo Corp is on a semiweekly deposit schedule which means it must deposit its employment taxes for wages paid on Wednesday Thursday and ...Get Instant Access to Expert-Tailored Solutions
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