Mastering Payroll 2020 - Section 6-How Employers Withhold and Deposit Federal Taxes 5. Chic Shop, a monthly depositor, discovers a 1.95% shortfall in its deposit of 941 liabilities for October 2020. Determine when the Chic Shop must pay its 941 deposit shortfall to avoid penalties. Please show work, thank you.

PAYROLL ACCT.,2019 ED.(LL)-TEXT
19th Edition
ISBN:9781337619783
Author:BIEG
Publisher:BIEG
Chapter3: Social Security Taxes
Section: Chapter Questions
Problem 12PB
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Mastering Payroll 2020 - Section 6-How Employers Withhold and Deposit Federal Taxes

5. Chic Shop, a monthly depositor, discovers a 1.95% shortfall in its deposit of 941
liabilities for October 2020. Determine when the Chic Shop must pay its 941 deposit
shortfall to avoid penalties.

Please show work, thank you.

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