Question: Baker Company is trying to determine how often it needs to deposit payroll taxes for calendar year 2019. The company made the following quarterly payroll

Baker Company is trying to determine how often it needs to deposit payroll taxes for calendar year 2019. The company made the following quarterly payroll tax deposits during the last two years:

Quarter beginning January 1, 2017 $7,000
Quarter beginning April 1, 2017 7,000
Quarter beginning July 1, 2017 7,500
Quarter beginning October 1, 2017 8,000
Quarter beginning January 1, 2018 8,000
Quarter beginning April 1, 2018 8,000
Quarter beginning July 1, 2018 7,500
Quarter beginning October 1, 2018 8,000

Required:

a. What is the amount from the lookback period?

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