Answer:
Veryclear Glassware
EIN: 78-7654398
Address: 23051 Old Redwood Highway, Sebastopol, California 95482, phone 707-555-5555
Number of employees: 13
State of California Form DE-9
Total wages paid to employees = $299,423.00
Taxes withheld from employees = $82,790.60
Total tax liability for the quarter = $105,696.60
Under-withheld taxes = $22,906.00
Explanation:
a) Data and Calculations:
Wages = $299,423
Income tax withheld from employees: $59,884.60
Social Security tax withheld from employees: $18,564.23
Medicare tax withheld from employees: $4,341.77
Total taxes withheld from employees = $82,790.60
Monthly tax liability:
April $ 35,232.20
May 35,232.20
June 35,232.20
Total tax liability = $105,696.60 $105,696.60
Taxes not withheld (due) $22,906.00
b) A reconciliation of the taxes withheld with the quarter's tax liability shows that $22,906 was still due to be paid to the state for employee taxes.
