Gallagher company has gathered the information needed

Assignment Help Accounting Basics
Reference no: EM13911322

Gallagher Company has gathered the information needed to complete its Form 941 for the quarter ended September 30, 2013. Using the information presented below, complete Part 1 of Form 941, reproduced on the next page.

of employees for pay period that included September 12-15 employees Wages paid third quarter$89,352.18.
Federal income tax withheld in the third quarter$10,195.00 
Taxable social security and Medicare wages$89,352.18 
Total tax deposits for the quarter$22,078.86 

1453_263-B-A-P (216).png

Reference no: EM13911322

Questions Cloud

What is the value of their shares of stock : Paradise Adventures just paid a dividend of $2.00. They are growing rapidly and are expecting to grow dividends at 20% for the next two years and then 10% in the third year before reducing the dividends to a constant growth rate of 3%. If the require..
Implied relationship between dividend policy-stock prices : Executive salaries have been shown to be more closely correlated to the size of the firm than to its profitability. If a firm’s board of directors is controlled by management rather than outside directors, this might result in the firm’s retaining mo..
Haggerty company pays its salaried employees monthly : Haggerty Company pays its salaried employees monthly on the last day of each month.
The monthly and hourly wage schedule for the employees : The monthly and hourly wage schedule for the employees of Quincy, Inc., follows.
Gallagher company has gathered the information needed : Gallagher Company has gathered the information needed to complete its Form 941 for the quarter ended September 30, 2013. Using the information presented below, complete Part 1 of Form 941, reproduced on the next page.
The company does not use a third party designee : Refer to Problem 3-11B. Complete Parts 2, 4, and 5 of Form 941 (on page 3-56) for Gallagher Company for the third quarter of 2013.
Stan barker opened quik stop market on january : Stan Barker opened Quik Stop Market on January 1, 2013. The business is subject to FICA taxes.
Also given are the employees salaries or wages : During the third calendar quarter of 20, the Beech tree Inn, owned by Dawn Smedley, employed the persons listed below. Also given are the employees' salaries or wages and the amount of tips reported to the owner.
The taxable wages and withheld taxes for hamilton company : The taxable wages and withheld taxes for Hamilton Company (EIN 00-0001462), semiweekly depositor, for the first quarter of 2013 follow.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Indicate the decision that will yield a higher net profit

For each of the following three accounting choices, indicate the decision that will yield (a) a higher net profit margin and (b) a lower current ratio. If the decision does not affect the ratio, indicate no effect. 1. Straight- line versus accelerat..

  Approach to valuation by us gaap and ifrs

Is there a difference in approach to valuation by US GAAP and IFRS? Discuss and note two or three specific differences. In addition, clearly

  Basics of actual net-of-tax interest cost

If a company pays 8 percent interest to borrow $500,000, but is in an income tax bracket that requires it to pay 40 percent income tax, what is the actual net-of-tax interest cost that the company incurs?

  Explain why comparing the projects npvs is better

Suppose a company has 5 different capital budgeting projects from which to choose, but has constrained funds and cannot implement all of the projects. Explain why comparing the projects' NPVs is better than comparing their IRRs.

  The balance sheet and income statement for a company are

the balance sheet and income statement for a company are provided below along with selected additional financial

  Andy is a self employed accountant who maintains aproperlu

andy is a self employed accountant who maintains aproperlu allowable office in home. during the year and had the

  Today stella withdraws 10000 from her savings account each

today stella withdraws 10000 from her savings account. each subsequent annual withdrawal is 100 higher than the

  On january 1 20x8 parent company acquired 90 percent

on january 1 20x8 parent company acquired 90 percent ownership of subsidiary corporation at underlying book value. the

  A company uses activity-based costing to determine the

a company uses activity-based costing to determine the costs of its three products a b and c. the budgeted cost and

  Tennessee harvester corporation issued debenture bonds

1.On January 1, 2013, Tennessee Harvester Corporation issued debenture bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below:

  Determine the projected amount of total manufacturing costs

Determine the projected amount of total manufacturing costs per unit for the units in job no. 110. (Round your answer to 2 decimal places. Omit the "$" sign in your response.) Calculate two separate department overhead rates using Machine Hours on pr..

  Determine the total amount of overhead cost assigned to

the expected activity for the year was distributed among the companys four products as follows expected activity

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd