For the first quarter of 2008, Denton Toys paid total wages of $175,000.38. The company withheld $26,500 for federal income tax. All wages paid were subject to Social Security and Medicare taxes. If during the quarter Denton Toys had deposited $50,000 toward its taxes due, how much would be required to send in with its first-quarter Form 941?

Question

For the first quarter of 2008, Denton Toys paid total wages of $175,000.38. The company withheld $26,500 for federal income tax. All wages paid were subject to Social Security and Medicare taxes. If during the quarter Denton Toys had deposited $50,000 toward its taxes due, how much would be required to send in with its first-quarter Form 941?​

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The Answer of For the first quarter of 2008, Denton Toys paid total wages of $175,000.38. The company withheld $26,500 for federal income tax. All wages paid were subject to Social Security and Medicare taxes. If during the quarter Denton Toys had deposited $50,000 toward its taxes due, how much would be required to send in with its first-quarter Form 941?​

For the First Quarter of 2008, Denton Toys Paid Total