During the fourth quarter of 20--, there were seven biweekly paydays on Friday (October 4, 18; November 1, 15, 29; December 13, 27) for Quality Repairs. Using the forms supplied below, complete the following forms for the fourth quarter. If an amount or input box does not require an entry, leave it blank or enter "0". Quarterly Payroll Data Total Earnings 5 Employees OASDI HI FIT SIT $18,860.00 $1,169.32 $273.47 $1,886.00 $1,320.20 Employer's OASDI $1,169.32 Employer's HI 273.47 Federal deposit liability each pay 681.65 a. Complete the Federal Deposit Information Worksheets reflecting electronic deposits (monthly depositor). Federal deposit liability each pay, $681.65. FEDERAL DEPOSIT INFORMATION WORKSHEET Employer Identification Number 00-0004701 Name QUALITY REPAIRS Month Tax Year Ends 12 Amount of Deposit Type of Tax (Form) Tax Period 4th quarter Address 10 SUMMIT SQUARE Phone Number (501) 555-7331 City, State, ZIP CITY, STATE 00000-0000 To be deposited on or before December 15, 20-- . FEDERAL DEPOSIT INFORMATION WORKSHEET Employer Identification Number 00-0004701 Name QUALITY REPAIRS Month Tax Year Ends 12 Amount of Deposit Type of Tax (Form) Tax Period 4th quarter Address 10 SUMMIT SQUARE Phone Number (501) 555-7331 City, State, ZIP CITY, STATE 00000-0000 To be deposited on or before November 15, 20-- . FEDERAL DEPOSIT INFORMATION WORKSHEET Employer Identification Number 00-0004701 Name QUALITY REPAIRS Month Tax Year Ends 12 Amount of Deposit Type of Tax (Form) Tax Period 4th quarter Address 10 SUMMIT SQUARE Phone Number (501) 555-7331 City, State, ZIP CITY, STATE 00000-0000 To be deposited on or before January 15, 20-- .

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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During the fourth quarter of 20--, there were seven biweekly paydays on Friday (October 4, 18; November 1, 15, 29; December 13, 27) for Quality Repairs. Using the forms supplied below, complete the following forms for the fourth quarter.

If an amount or input box does not require an entry, leave it blank or enter "0".

Quarterly Payroll Data

Total Earnings
5 Employees	OASDI	HI	FIT	SIT

$18,860.00	$1,169.32	$273.47	$1,886.00	$1,320.20
Employer's OASDI	$1,169.32
Employer's HI	273.47
Federal deposit liability each pay	681.65

a. Complete the Federal Deposit Information Worksheets reflecting electronic deposits (monthly depositor). Federal deposit liability each pay, $681.65.

FEDERAL DEPOSIT INFORMATION WORKSHEET
Employer
Identification Number	00-0004701	Name	QUALITY REPAIRS
Month Tax Year Ends	12	Amount of Deposit
Type of Tax (Form)		Tax Period	4th quarter
Address	10 SUMMIT SQUARE	Phone Number	(501) 555-7331
City, State, ZIP	CITY, STATE 00000-0000

To be deposited on or before December 15, 20-- .

FEDERAL DEPOSIT INFORMATION WORKSHEET
Employer
Identification Number	00-0004701	Name	QUALITY REPAIRS
Month Tax Year Ends	12	Amount of Deposit
Type of Tax (Form)		Tax Period	4th quarter
Address	10 SUMMIT SQUARE	Phone Number	(501) 555-7331
City, State, ZIP	CITY, STATE 00000-0000

To be deposited on or before November 15, 20-- .

FEDERAL DEPOSIT INFORMATION WORKSHEET
Employer
Identification Number	00-0004701	Name	QUALITY REPAIRS
Month Tax Year Ends	12	Amount of Deposit
Type of Tax (Form)		Tax Period	4th quarter
Address	10 SUMMIT SQUARE	Phone Number	(501) 555-7331
City, State, ZIP	CITY, STATE 00000-0000

To be deposited on or before January 15, 20-- .

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