Question
The primo Company had total payroll of $230702.97 for first quarter of the current year. It withheld $24830.95 from the employees gorvfederal income tax during
The primo Company had total payroll of $230702.97 for first quarter of the current year. It withheld $24830.95 from the employees gorvfederal income tax during this quarter.The company made the following deposits in qualified bank depository for the amount of the income and social security and Medicare taxes withheld from the employees and for the company's contribution to the FICA tax : $19350 for February 6, $19360 for March 4, and $19350 on April 5.Primo company's bookkeeper is now filling out form 941 quarterly return , which is due by the end of April . Complete the following to determine the amount of the check that the company must send to the IRS for the undeposited taxes due. Round your answer to the nearest cent. a) Total social security and Medicare taxes be paid for quarter. b) total taxes. c. total deposits for quarter sent to qualified bank depoditor d.undeposited taxes due IRS.
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