Problem
The following information applies to the questions displayed below.]
Veryclear Glassware is a new business owned by Samantha Peoples, the company president. Her first year of operation commenced on April 1, 2021.
EIN: 78-7654398
Address: 23051 Old Redwood Highway, Sebastopol, California 95482, phone 707-555-5555
Number of employees: 7
Wages, tips, and other compensation paid during the second quarter of 2021: $244,798
Income tax withheld from employees: $48,000
Social Security tax withheld from employees: $15,177.48
Medicare tax withheld from employees: $3,549.57
Task
What schedule depositor would she be for the first year of operations?
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Monthly tax liability:
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April
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$ 28,484.69
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May
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28,484.69
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June
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28,484.70
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