Required Information

$[$The following informetion applies to the questions alsplayed below.$]$

A payroll summary for Cortez Conaulting Compsny, awned by Conl Cortez, for the quarter ending June $30,20$X$1,$ sppesrs

below. The firm mode the required tax deposta as follows:

a$.$ For Aprlitsxes, perd on Moy $15.$

b$.$ For Msy toxes; psid on June $17.$

Required:

On July $15,$ the firm lasued s check to depoalt the federal income tox witheld ond the fiCA tox $($both employee ond employer

shares for the third month $[$June$]].$

Complete Form $941$ in sccordance with the dacusalons in this chapter. Use s $124$ percent socigl security rate and a $29$ percent

Medicsre rste In computations. Use the fo lowing oddress for the compony: $2300$ Esst Ocesn Bhd$.,$ Long Besch, CA $90902$ Use

$75-4444444$ ss the employer identificstion numbec. Daste the retum July $31,20$X$1.$ The compony phone number is $562-709-3654.$

Analyze:

What ls the bolence of the Employee Income Tox Payoble sccount st July $15?$

Complete this question by entering your answers in the tabs below.

$\underset{?}{lim}1$

Analyee

Page $1$ of Form $941.$

Note: Found your answers to $2$ decimal places.