In Part 5 of Form 940, Peterson Company reported FUTA tax liabilities as follows: First quarter: $397.50 Second quarter: $209.10 Third quarter: $274.50 Fourth quarter: $262.20 List the amounts and the dates of each required FUTA tax deposit: If an amount box does not require an entry, enter "0" and select "-" from the dropdown. First quarter Deposit: amount $fill in the blank 1 date 3/30 Second quarter Deposit: amount $fill in the blank 3 date 6/30 Third quarter Deposit: amount $fill in the blank 5 date 9/30 Fourth quarter Deposit: amount $fill in the blank 7 date 12/31

In Part 5 of Form 940, Peterson Company reported FUTA tax liabilities as follows: First quarter: $397.50 Second quarter: $209.10 Third quarter: $274.50 Fourth quarter: $262.20 List the amounts and the dates of each required FUTA tax deposit: If an amount box does not require an entry, enter "0" and select "-" from the dropdown. First quarter Deposit: amount $fill in the blank 1 date 3/30 Second quarter Deposit: amount $fill in the blank 3 date 6/30 Third quarter Deposit: amount $fill in the blank 5 date 9/30 Fourth quarter Deposit: amount $fill in the blank 7 date 12/31

PAYROLL ACCT.,2019 ED.(LL)-TEXT

19th Edition

ISBN:9781337619783

Author:BIEG

Publisher:BIEG

Chapter5: Unemployment Compensation Taxes

Section: Chapter Questions

Problem 16PB

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Select the correct order of the line items listed below based on the sequence of their appearance on Form US 1040. Number the items from the lowest number (1) going to the first item to appear on the return and the last number going to the final item from the list to appear on the return. Question 5 options: Wages Taxes withheld and quarterly tax payments Non-refundable tax credit Student Loan Interest Deduction Standard Deduction Interest Income Refund or Taxes Due Computed income tax before non-refundable tax credits Taxable Income Adjusted Gross Income (AGI)
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At the beginning of 2021, Pitman Co. had pretax financial income of $1,200,000. Additionally, there was a timing difference of $300,000 due to an accounts receivable that will not be collected until the following year. The tax rate us 30%. A. Calculate the total taxable income for 2021. B. Calculate Income tax expense, income tax payable, and the deferred amount for 2021, and create the journal entry.
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First quarter:	$397.50
Second quarter:	$209.10
Third quarter:	$274.50
Fourth quarter:	$262.20

First quarter Deposit:	amount	$fill in the blank 1	date	3/30
Second quarter Deposit:	amount	$fill in the blank 3	date	6/30
Third quarter Deposit:	amount	$fill in the blank 5	date	9/30
Fourth quarter Deposit:	amount	$fill in the blank 7	date	12/31