On July 15 , the firm issued a check to deposit the federal income tax withheld and the FICA tax (both emp) the third month [June]). (Round your answers to 2 decimal places.) Journal entry worksheet Record the entry to deposit payroll taxes for July 15. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Required information [The following information applies to the questions displayed below.] A payroll summary for Mark Consulting Company, owned by Mark Fronke, for the quarter ending June 30, 20X1, appears below. The firm made the required tax deposits as follows: a. For April taxes, paid on May 15. b. For May taxes, paid on June 17. Complete this question by entering your answers in the tabs below. Read the separate instructions before you complete this Form 941 . Please type or print within the boxes. Part 1: Answer these questions for this quarter. 1 Number of employees who received wages, tips, or other compensation for the pay period including: Mar. 12 (Quarter 1), June 12 (Quarter 2). Sept. 12 (Quarter 3), or Dec. 12 (Quarter 4) 2 Wages, tips, and other compensation 3 Federal income tax withheld from wages, tips, and other compensation 4 If no wages, tips, and other compensation are subject to social security or Medicare tax 5a Taxable social security wages 5b Taxable social security tips 5c Taxable Medicare wages \& tips 5d Taxable wages & tips subject to Additional Medicare Tax withholding 5 e Add Column 2 from lines 5a, 5b, 5c, and 5d Sf Section 3121(q) Notice and Demand - Tax due on unreported tips Column 1 6 Total taxes before adjustments. Add lines 3,5e, and 5f 7 Current quarter's adjustment for fractions of cents 8 Current quarter's adjustment for sick pay 9 Current quarter's adjustments for tips and group-term life insurance 10 Total taxes after adjustments. Combine lines 6 through 9 11 Qualified small business payroll tax credit for increasing research activities. Attach Form 8974 12 Total taxes after adjustments and credits. Subtract line 11 from line 10 13 Total deposits for this quarter, including overpayment applied from a prior quarter and overpayments applied from Form 941-X, 941-X (PR), 944-X, 944-X (PR), or 944-X (SP) filed in the current quarter 14 Balance due. If line 12 is more than line 13 , enter the difference and see instructions 15 Overpayment. If line 13 is more than line 12 , enter the difference \begin{tabular}{|c|} \hline Column 1 \\ \hline \\ \hline \\ \hline \end{tabular} (see instructions) lo Check one: Apply next return Apply next return Cat. No. 170012 Check and go to line 6 . Send a refund 13 14 0.00 You MUST complete both pages of Form 941 and SIGN it. For Privacy Act and Paperwork Reduction Act Notice, see the back of the Payment Voucher. THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM IT SELF. DO NOT USE THIS FORM FOR TAX Complete this question by entering your answers in the tabs below. What is the balance of the Employee Income Tax Payable account at July 15? On July 15 , the firm issued a check to deposit the federal income tax withheld and the FICA tax (both emp) the third month [June]). (Round your answers to 2 decimal places.) Journal entry worksheet Record the entry to deposit payroll taxes for July 15. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Required information [The following information applies to the questions displayed below.] A payroll summary for Mark Consulting Company, owned by Mark Fronke, for the quarter ending June 30, 20X1, appears below. The firm made the required tax deposits as follows: a. For April taxes, paid on May 15. b. For May taxes, paid on June 17. Complete this question by entering your answers in the tabs below. Read the separate instructions before you complete this Form 941 . Please type or print within the boxes. Part 1: Answer these questions for this quarter. 1 Number of employees who received wages, tips, or other compensation for the pay period including: Mar. 12 (Quarter 1), June 12 (Quarter 2). Sept. 12 (Quarter 3), or Dec. 12 (Quarter 4) 2 Wages, tips, and other compensation 3 Federal income tax withheld from wages, tips, and other compensation 4 If no wages, tips, and other compensation are subject to social security or Medicare tax 5a Taxable social security wages 5b Taxable social security tips 5c Taxable Medicare wages \& tips 5d Taxable wages & tips subject to Additional Medicare Tax withholding 5 e Add Column 2 from lines 5a, 5b, 5c, and 5d Sf Section 3121(q) Notice and Demand - Tax due on unreported tips Column 1 6 Total taxes before adjustments. Add lines 3,5e, and 5f 7 Current quarter's adjustment for fractions of cents 8 Current quarter's adjustment for sick pay 9 Current quarter's adjustments for tips and group-term life insurance 10 Total taxes after adjustments. Combine lines 6 through 9 11 Qualified small business payroll tax credit for increasing research activities. Attach Form 8974 12 Total taxes after adjustments and credits. Subtract line 11 from line 10 13 Total deposits for this quarter, including overpayment applied from a prior quarter and overpayments applied from Form 941-X, 941-X (PR), 944-X, 944-X (PR), or 944-X (SP) filed in the current quarter 14 Balance due. If line 12 is more than line 13 , enter the difference and see instructions 15 Overpayment. If line 13 is more than line 12 , enter the difference \begin{tabular}{|c|} \hline Column 1 \\ \hline \\ \hline \\ \hline \end{tabular} (see instructions) lo Check one: Apply next return Apply next return Cat. No. 170012 Check and go to line 6 . Send a refund 13 14 0.00 You MUST complete both pages of Form 941 and SIGN it. For Privacy Act and Paperwork Reduction Act Notice, see the back of the Payment Voucher. THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM IT SELF. DO NOT USE THIS FORM FOR TAX Complete this question by entering your answers in the tabs below. What is the balance of the Employee Income Tax Payable account at July 15