When completing your Schedule B on Form 941 to which specific dates should the tax liabilities correspond?

A. The dates that you accrued your payroll liabilities

B. The dates that you deposited your payroll liabilities

C. The end of the pay period

D. The dates that you paid the wages to your employees

You need to record payroll that came from an outside payroll service.

What are 2 options for recording payroll?

A. Record each paycheck with the detail of the employee benefits

B. Record the net pay and employee withholdings posting to wages

C. Record a lump sum of net pay and employer taxes posting to wages

D. Record net pay posting to wages and employer taxes to tax expense accounts

E. Record each paycheck with the detail of gross wages and employee withholdings

A business has a gross payroll of $136,988.40 that is taxable for Federal Income, Social Security and Medicare taxes.

Federal Income: $24,117.87
Social Security and Medicare: $10,479.61

What is the business’s total payroll tax liability for this pay period?

A. $24,117.87

B. $34,597.48

C. $45,077.09

D. $171,585.88