Question

A payroll summary for Mark Consulting Company, owned by Mark Fronke, for the quarter ending June 30, 2016. The firm made the required tax deposits as follows:
a.	For April taxes, paid on May 15.
b.	For May taxes, paid on June 17.

Date Wages Paid			Total Earnings			Social Security Tax Deducted			Medicare Tax Deducted			Income Tax Withheld
April	8		$	3,400.00		$	210.80		$	49.30		$	338.00
	15			3,700.00			229.40			53.65			365.00
	22			4,100.00			254.20			59.45			338.00
	29			4,400.00			272.80			63.80			436.00
			$	15,600.00		$	967.20		$	226.20		$	1,477.00
May	5		$	3,200.00		$	198.40		$	46.40		$	318.00
	12			3,400.00			210.80			49.30			338.00
	19			3,400.00			210.80			49.30			338.00
	26			4,400.00			272.80			63.80			436.00
			$	14,400.00		$	892.80		$	208.80		$	1,430.00
June	2		$	3,700.00		$	229.40		$	53.65		$	365.00
	9			3,400.00			210.80			49.30			338.00
	16			4,400.00			272.80			63.80			436.00
	23			3,400.00			210.80			49.30			338.00
	30			3,200.00			198.40			46.40			318.00
			$	18,100.00		$	1,122.20		$	262.45		$	1,795.00
Total			$	48,100.00		$	2,982.20		$	697.45		$	4,702.00

  

Social security	6.2	percent
Medicare	1.45
FUTA	0.6
SUTA	5.4

1.	On July 15, the firm issued a check to deposit the federal income tax withheld and the FICA tax (both employee and employer shares for the third month [June]). Record the deposit of the federal income tax withheld and the FICA tax. (Round your answers to 2 decimal places.)

Answer 1