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 X sppesrs
below. The firm mode the required tax deposta as follows:
a For Aprlitsxes, perd on Moy
b For Msy toxes; psid on June
Required:
On July 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 in sccordance with the dacusalons in this chapter. Use s percent socigl security rate and a percent
Medicsre rste In computations. Use the fo lowing oddress for the compony: Esst Ocesn Bhd Long Besch, CA Use
ss the employer identificstion numbec. Daste the retum July X The compony phone number is
Analyze:
What ls the bolence of the Employee Income Tox Payoble sccount st July
Complete this question by entering your answers in the tabs below.
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Note: Found your answers to decimal places.
