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Required Information [The following informetion applies to the questions alsplayed below.] A...

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Accounting

Required Information
[The following informetion applies to the questions alsplayed below.]
A payroll summary for Cortez Conaulting Compsny, awned by Conl Cortez, for the quarter ending June 30,20X1, sppesrs
below. The firm mode the required tax deposta as follows:
a. For Aprlitsxes, perd on Moy 15.
b. For Msy toxes; psid on June 17.
Required:
On July 15, the firm lasued s check to depoalt the federal income tox witheld ond the fiCA tox (both employee ond employer
shares for the third month [June]].
Complete Form 941 in sccordance with the dacusalons in this chapter. Use s 124 percent socigl security rate and a 29 percent
Medicsre rste In computations. Use the fo lowing oddress for the compony: 2300 Esst Ocesn Bhd., Long Besch, CA 90902 Use
75-4444444 ss the employer identificstion numbec. Daste the retum July 31,20X1. The compony phone number is 562-709-3654.
Analyze:
What ls the bolence of the Employee Income Tox Payoble sccount st July 15?
Complete this question by entering your answers in the tabs below.
lim?1
Analyee
Page 1 of Form 941.
Note: Found your answers to 2 decimal places.
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