Question: Question is provided in the picture below: Course Outcomes: Problem 4- Problem 5- II. Demonstrate an understanding of payroll accounting functions and tasks. IV. Walker
Question is provided in the picture below:

Course Outcomes: Problem 4- Problem 5- II. Demonstrate an understanding of payroll accounting functions and tasks. IV. Walker company reported on the Form 941 the following Tax liability amounts during Elliot company reported on the Form 941 the following Tax liability amounts during Be able to articulate employer's taxes to be paid and understand how payments are made. 2020. 2020 Course Objectives: Requirements- Requirements- Determine if the company is a monthly or semi weekly depositor, by calculating total Tax Determine if the company is a monthly or semi weekly depositor, by calculating Objective II: Demonstrate the ability to compute wages and salaries based on various remuneration methods currently in use by business, industry and government. Liability amounts. Also, provide the Tax Liability Calculation. total Tax Liability amounts. Also, provide the Tax Liability Calculation. Objective Ill: Demonstrate the ability to compute employee tax deductions and employer liabilities for payroll taxes 3. Apply the current tax rates and wage base for FICA and SECA purposes. Walker Company 941 From Tax Liability Amounts Elliot Company 941 From Tax Liability Amounts 2017 3rd Quarter 3,500 2017 3rd Quarter 1,200 2017 4th Quarter 2,100 2017 4th Quarter 1,650 2018 1st Quarter 6,700 2018 1st Quarter 850 2018 2nd Quarter 8,200 2018 2nd Quarter 650 2018 3rd Quarter 12,500 2018 3rd Quarter 2,45 2018 4th Quarter 11,85 2018 4th Quarter 1,825 2019 1st Quarter 7,650 2019 1st Quarter 12,50 2019 2nd Quarter 4,250 2019 2nd Quarter 18,250 Walker Company Elliot Quarters Look Back Period Dates Tax Liability Quarters Look Back Period Dates Tax Liability
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