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Determine when each company must pay its 941 deposit shortfall to avoid penalties. Dallas DCS, a monthly depositor, discovers a 1.0% shortfall in its deposit

Determine when each company must pay its 941 deposit shortfall to avoid penalties.

  1. Dallas DCS, a monthly depositor, discovers a 1.0% shortfall in its deposit of 941 liabilities for April 2020.

b. Chic Shop, a monthly depositor, discovers a 1.95% shortfall in its deposit of 941 liabilities for October 2020.

  1. Baby Bits, Inc., a semiweekly depositor, discovers a 0.5% shortfall in its deposit of 941 liabilities for August 2020.

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