Required Information [The following information applies to the questions displayed below] A payroll summary for Cortez Consulting Company, owned by Coni Cortez, 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, pald on June 17 . Hindleare FuTA 1.45 SURA 0,6 3.4 Required: 1. On July 15, the firm issued a check to deposit the federal income tax with iheld and the FICA tax (both employee and employer shares for the third month (June)] 2 Complete Form 941 in accordance wth the discussions in this chapter. Use a 124 percent social security rate and a 29 percent Medicare rate in computations. Use the following address for the company. 2300 East Ocean Blvd. Long Beoch, CA 90802 Use 75-444444 as the employer identification number. Date the return July 31, 20X1. The company phone number is 562-709-3654. Anolyze: Whot is the balance of the Employee Income Tox Poyeble account of July 15 ? Complete this question by entering your answers in the tabs below. On July 15, the firm issued a check to deposit the federal income tax withheld and the FICA tax (both employee and employer shares for the third month [June]). Note: Round your answers to 2 decimal places. Journal entry worksheet Record the entry to deposit payroll taxes for July 15 . Noter Enter debits before crodits. Comalete this auestion bv enterina your answers in the tabs below. 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 ? Required Information [The following information applies to the questions displayed below] A payroll summary for Cortez Consulting Company, owned by Coni Cortez, 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, pald on June 17 . Hindleare FuTA 1.45 SURA 0,6 3.4 Required: 1. On July 15, the firm issued a check to deposit the federal income tax with iheld and the FICA tax (both employee and employer shares for the third month (June)] 2 Complete Form 941 in accordance wth the discussions in this chapter. Use a 124 percent social security rate and a 29 percent Medicare rate in computations. Use the following address for the company. 2300 East Ocean Blvd. Long Beoch, CA 90802 Use 75-444444 as the employer identification number. Date the return July 31, 20X1. The company phone number is 562-709-3654. Anolyze: Whot is the balance of the Employee Income Tox Poyeble account of July 15 ? Complete this question by entering your answers in the tabs below. On July 15, the firm issued a check to deposit the federal income tax withheld and the FICA tax (both employee and employer shares for the third month [June]). Note: Round your answers to 2 decimal places. Journal entry worksheet Record the entry to deposit payroll taxes for July 15 . Noter Enter debits before crodits. Comalete this auestion bv enterina your answers in the tabs below. 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
