8.Determine when each of the following must deposit its Form 941 tax liabilities. Quikstep, a monthly depositor, pays employees on Friday. The total 941 deposit obligation for wages paid on April 17, 2020, is $2,400. Slowque, a monthly depositor, pays employees on Friday. Its total 941 deposit obligation for wages paid on September 4, 2020, is $2,000.
8.Determine when each of the following must deposit its Form 941 tax liabilities. Quikstep, a monthly depositor, pays employees on Friday. The total 941 deposit obligation for wages paid on April 17, 2020, is $2,400. Slowque, a monthly depositor, pays employees on Friday. Its total 941 deposit obligation for wages paid on September 4, 2020, is $2,000.
Chapter3: Social Security Taxes
Section: Chapter Questions
Problem 5SSQ: _____1. Johnson Industries, a semiweekly depositor, pays its employees every Friday. When should the...
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8.Determine when each of the following must deposit its Form 941 tax liabilities.
- Quikstep, a monthly depositor, pays employees on Friday. The total 941 deposit obligation for wages paid on April 17, 2020, is $2,400.
- Slowque, a monthly depositor, pays employees on Friday. Its total 941 deposit obligation for wages paid on September 4, 2020, is $2,000.
- BigTime, a semiweekly depositor, pays employees on Friday. BigTime’s 941 deposit obligation for wages paid on Friday, July 3, 2020, is $12,400.
- Lopez & Sons, a monthly depositor, pays employees on the 15th and last day of the month. Its 941 deposit obligation for wages paid on June 26, 2020, is $112,400.
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