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Home Q & A Board Science-Related Homework Help Mathematics
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salonijainnn salonijainnn
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For the first quarter of 2008, Denton Toys paid total wages of $175,000.38. The company withheld $26,500 for federal income tax. All wages paid were subject to Social Security and Medicare taxes. If during the quarter Denton Toys had deposited $50,000 toward its taxes due, how much would be required to send in with its first-quarter Form 941?
Textbook 
Contemporary Business Mathematics for Colleges

Contemporary Business Mathematics for Colleges


Edition: 16th
Authors:
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aedukuyeaedukuye
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Gross wages $175,000.38 ´ 12.4% Social Security
$21,700.05
Gross wages $175,000.38 ´ 2.9% Medicare
    5,075.01
             Subtotal
$26,775.06
Income taxes withheld
  26,500.00
             Total
$53,275.06
Less deposit
  50,000.00
             Balance
$  3,275.06
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salonijainnn Author
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A week ago
Smart ... Thanks!
TAT1238
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Yesterday
Thanks
aricketts6@
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2 hours ago
Correct Slight Smile TY
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