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Problem 10-54 (LO 10-3) Baker Company is trying to determine how often it needs to deposit payroll taxes for calendar year 2019. The company made
Problem 10-54 (LO 10-3) Baker Company is trying to determine how often it needs to deposit payroll taxes for calendar year 2019. The company made the following quarterly payroll tax deposits during the last two years: Quarter beginning January 1, 2017 Quarter beginning April 1, 2017 Quarter beginning July 1, 2017 Quarter beginning October 1, 2017 Quarter beginning January 1, 2018 Quarter beginning April 1, 2018 Quarter beginning July 1, 2018 Quarter beginning October 1, 2018 $10,000 10,000 11,000 12,000 12,000 12,000 11,000 12,000 Required: a. What is the amount from the lookback period? Amount from lookback period b. In 2019, how often must Baker Company make payroll deposits? Bi-weekly O Monthly Quarterly Half yearly O Annually
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