Assume the following data for Jay's Cutlery for the quarter ended March 31, 2022: $$\begin{array}{ll}
\text {employee FICA tax }&\text {\$16,000 }\
\text { federal income tax }&42,000\\text {state income taxes }&4,200\\text { employer FICA tax}&16,000\\text { federal unemployment tax}&850\\text {state unemployment tax}&7,650
\end{array}$$ The total taxes reported on Form 941 and paid for the first quarter are

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The Answer of Assume the following data for Jay's Cutlery for the quarter ended March 31, 2022: $$\begin{array}{ll}
\text {employee FICA tax }&\text {\$16,000 }\
\text { federal income tax }&42,000\\text {state income taxes }&4,200\\text { employer FICA tax}&16,000\\text { federal unemployment tax}&850\\text {state unemployment tax}&7,650
\end{array}$$ The total taxes reported on Form 941 and paid for the first quarter are

Assume the Following Data for Jay's Cutlery for the Quarter