Answer to Question #112164 in Accounting for Everlyn

Question

In Part 5 of Form 940, Peterson Company reported FUTA tax liabilities as follows:

First quarter:$397.50Second quarter:$209.10Third quarter:$274.50Fourth quarter:$262.20

List the amounts and the dates of each required FUTA tax deposit

Answer 1

2019 year

1.Debit tax calculations credit current account - 397.50 - 30 April 29, 2019

2.Debit tax calculations credit current account -209. 10 - July 30, 2019

3.Debit tax calculations credit current account -274.50 - October 30, 2019

4.Debit tax calculations credit current account -262.20 - January 30, 2020