Question: Instructions: Form UCT - 1 0 1 Use the provided financial information from a sample company, for the 4 th quarter of the year, to

Instructions: Form UCT-101 Use the provided financial information from a sample company, for the 4th quarter of the year, to assist you in providing the required amounts. Assume a tax rate decimal of .04 for this example. Please remember, you can also reference resources from other courses you have completed in your Accounting Program to assist you in completing the work. Your work will be performed in accordance with current laws and regulations. You need to provide the following items in the yellow highlighted spaces on the template, Round your answers to the nearest dollar: 1. Identify the defined taxable payroll amount for the 4th quarter per Form UCT-101 calculations. 2. Identify the tax due amount for the 4th quarter per Form UCT-101 calculations. Companany Information Number of Employees: 2 Taxable Soial Security Wages for the 4th qtr.$ 4,281Portion of Current liabilities, Balance Sheet, year-ended Dec. 31,20xx Note: 401K program started in 4th qtr.,company matches 100% of employee contributions 401K Payable$250FICA Payable$655FIT Payable$122FUTA Payable$83Wages Payable$285 SUI Payable $171SIT Payable$205Sales Tax Payable$323

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