Question
During the fourth quarter of 20--, there were seven biweekly paydays on Friday (October 4, 18; November 1, 15, 29; December 13, 27) for Quality
During the fourth quarter of 20--, there were seven biweekly paydays on Friday (October 4, 18; November 1, 15, 29; December 13, 27) for Quality Repairs. Using the forms supplied below, complete the following forms for the fourth quarter.
If an amount or input box does not require an entry, leave it blank or enter "0".
Quarterly Payroll Data | ||||
Total Earnings | ||||
5 Employees | OASDI | HI | FIT | SIT |
$18,680.00 | $1,158.16 | $270.86 | $1,868.00 | $1,307.60 |
Employer's OASDI | $1,158.16 | |||
Employer's HI | 270.86 | |||
Federal deposit liability each pay | 675.15 |
As we go to press, the federal income tax rates for 2021 are being determined by budget talks in Washington and not available for publication. For this edition, the 2020 federal income tax tables for Manual Systems with Forms W-4 from 2020 or later with Standard Withholding and 2020 FICA rates have been used.
a. Complete the Federal Deposit Information Worksheets reflecting electronic deposits (monthly depositor). Federal deposit liability each pay, $675.15.
FEDERAL DEPOSIT INFORMATION WORKSHEET | |||
Employer | |||
Identification Number | 00-0004701 | Name | QUALITY REPAIRS |
Month Tax Year Ends | 12 | Amount of Deposit | fill in the blank 1 |
Type of Tax (Form) | fill in the blank 2 | Tax Period | 1st quarter2nd quarter3rd quarter4th quarter |
Address | 10 SUMMIT SQUARE | Phone Number | (501) 555-7331 |
City, State, ZIP | CITY, STATE 00000-0000 |
To be deposited on or before
January 15, 20--November 15, 20--December 15, 20--
FEDERAL DEPOSIT INFORMATION WORKSHEET | |||
Employer | |||
Identification Number | 00-0004701 | Name | QUALITY REPAIRS |
Month Tax Year Ends | 12 | Amount of Deposit | fill in the blank 5 |
Type of Tax (Form) | fill in the blank 6 | Tax Period | 1st quarter2nd quarter3rd quarter4th quarter |
Address | 10 SUMMIT SQUARE | Phone Number | (501) 555-7331 |
City, State, ZIP | CITY, STATE 00000-0000 |
To be deposited on or before
January 15, 20--November 15, 20--December 15, 20--
.
FEDERAL DEPOSIT INFORMATION WORKSHEET | |||
Employer | |||
Identification Number | 00-0004701 | Name | QUALITY REPAIRS |
Month Tax Year Ends | 12 | Amount of Deposit | fill in the blank 9 |
Type of Tax (Form) | fill in the blank 10 | Tax Period | 1st quarter2nd quarter3rd quarter4th quarter |
Address | 10 SUMMIT SQUARE | Phone Number | (501) 555-7331 |
City, State, ZIP | CITY, STATE 00000-0000 |
To be deposited on or before
January 15, 20--November 15, 20--December 15, 20--
.
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