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-- .
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-- .
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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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