Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Paul Williams owns a small consulting firm. It is a C type corp. address 2240 lyannough Rd West Barnstable Ma. Mr. Williams salary is $1400

image text in transcribed
Paul Williams owns a small consulting firm. It is a C type corp. address 2240 lyannough Rd West Barnstable Ma. Mr. Williams salary is $1400 a week. And he is married 4 he puts 5% into the 401 K and the company matches He has 110 week comes out for BCBS med the company pays 2 thirds. Jane Carlson works for him she makes $800 a week and is single 1. She has 3% taken for retirement and since she is single her medical s $30. Jack Student works part time single 0 makes 400 a week takes out no retirement and is 21 on his parent's health insurance. Do a 941 for the company ein 04- 1624567 Name Williams Consulting Inc 25 Main ST west Barnstable 02668. What is the monthly deposit he makes to the state and federal systems. Do both 4 and 5 week months. EFTPS Fed Mass Tax Connect State

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Information Technologies In Accounting And Auditing A Post-Soviet Approach

Authors: Sergiy Ivakhnenkov

1st Edition

3639285395, 978-3639285390

More Books

Students also viewed these Accounting questions

Question

6. Have you used solid reasoning in your argument?

Answered: 1 week ago