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Problem 5- Elliot company reported on the Form 941 the following Tax liability amounts during 2020. Requirements Determine if the company is a monthly
Problem 5- Elliot company reported on the Form 941 the following Tax liability amounts during 2020. Requirements Determine if the company is a monthly or semi weekly depositor, by calculating total Tax Liability amounts. Also, provide the Tax Liability Calculation Elliot Company 941 From Tax Liability Amounts 2017 3rd Quarter $ 1,200 2017 4th Quarter $ 1,650 2018 1st Quarter $ 850 2018 2nd Quarter $ 650 2018 3rd Quarter $ 22,450 2018 4th Quarter 1,825 2019 1st Quarter $ 12.500 2019 2nd Quarter S Quarters Elliot 18,250 Look Back Period Dates Tax Liability O 0
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