Assume the following data for RacquetSports! for the quarter ended June 30, 2022: Monthly Federal Income Tax and FICA tax liability: January $4,500, February $6,500,
March $7,150
Federal Income Tax and FICA tax total monthly deposits for first quarter: $18,000
Instructions: What numbers would be input on Form 941 for the following line items: Line 3: Federal income tax withheld
Line 5a: Taxable social security wages
Line 5c: Taxable Medicare wages and tips
Line 6: Total taxes before adjustments
Line 11: Total deposits for this quarter
Line 12. Balance due
Line 13 : Overpayment
Correct Answer:
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