Problem $9-14$

Federal Tax Deposit System $($LO $9\mathrm{.}5)($i$.$e$.,941$ or $944).$

a$.$ Peque$$o Negocio Inc. has about four employees at any time during the year. The payroll records from $2021$ and $2022$ report the following:

Deposits during the lookback period of Q$32020$ to Q$22021$ total $\backslash$$ $\backslash (\backslash$mathbf$\{$X$\}\backslash ),$ which is less than $\backslash (\backslash$checkmark $\backslash$$ $50,000\backslash )$ and thus Pequeno Negocio is a monthly depositor $\backslash (\backslash$checkmark $\backslash )$ and will file Form $941\backslash (\backslash$checkmark $\backslash ).$

b$.$ Meniscus Corporation payroll records from $2021$ and $2022$ report the following:

Deposits during the lookback period of Q$32021$ to Q$22022$ total $\backslash$$ $\backslash ($ X $\backslash ),$ which is less than $\backslash (\backslash$checkmark $\backslash$$ $50,000\backslash )$ and thus Meniscus is a monthly depositor $\backslash (\backslash$checkmark $\backslash )$ and will file Form $\backslash (941\backslash$checkmark $\backslash$checkmark $\backslash ).$

c$.$ Xochitl operates a small business and takes on part$-$time employees at certain times of the year. Her payroll records from $2021$ and $2022$ report the following:

less than $\backslash (\backslash$checkmark $\backslash$checkmark $1,000\backslash ),$ Xochitl may file only an annual Form $\backslash (944\backslash$quad $\backslash$checkmark $\backslash ).$