Publication 5258 - Federal Tax Deposits Page 20

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practical exercise 3
Compute the amount of tax to be deposited for the
month of April using the information below.
i
t
e
ncome
ax
mployees
Fica
tax
m
W
W
W
onth
ages
ithheld
ithheld
a
2017
$10,000
$1,500
$765.00
pril
m
2017
$9,000
$1,400
$688.50
ay
J
2017
$11,000
$1,600
$841.50
une
ToTAl
$30,000
$4,500
$2,295.00
This information would be used to make the deposit by EFTPS. You
would simply go online or call the toll-free number, and provide
your Employer Identification Number and PIN, and the tax form
and tax period.
20

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Parent category: Financial