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Chapter 6 Problems 1 5 points For each of the following independent circumstances, examine the lookback period to determine whether the company is a
Chapter 6 Problems 1 5 points For each of the following independent circumstances, examine the lookback period to determine whether the company is a monthly or semiweekly depositor for 2019: 1. A company's total taxes owed (federal income tax withholding, Social Security tax, and Medicare tax) for six consecutive quarters were as follows: 2017; 1st Quarter $21,000 2017; 2nd Quarter $13,200 2017; 3rd Quarter $9,750 2017; 4th Quarter $11.100 2018; 1st Quarter $14,800 2018; 2nd Quarter $13,000 2. A company's total taxes owed (federal income tax withholding, Social Security tax, and Medicare tax) for six consecutive quarters were as follows: 2017; 1st Quarter $14,500 2017; 2nd Quarter $10,000 2017; 3rd Quarter $13,850 2017; 4th Quarter $10,900 2018; 1st Quarter $14,000 2018; 2nd Quarter $11,700 3. A company's total taxes owed (federal income --
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