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For the first quarter of 2008, GKS Pharmaceutical Company paid total wages of $445,000. The company withheld $40,140 for federal income tax. All wages paid

For the first quarter of 2008, GKS Pharmaceutical Company paid total wages of $445,000. The company withheld $40,140 for federal income tax. All wages paid were subject to Social Security and Medicare taxes. If during the quarter GKS Pharmaceutical Company had deposited $85,000 toward its taxes due, how much would be required to send in with its first-quarter Form 941? Question 17 options: A) $0.00, the $85,000 was sufficient for the total taxes B)

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