Assume the Following Data for Jay's Cutlery for the Quarter

question 61

Multiple Choice

Assume the following data for Jay's Cutlery for the quarter ended March 31, 2022: $$\begin{array}{ll}\text {employee FICA tax }&\text {\$16,000 }\\\text { federal income tax }&42,000\\\text {state income taxes }&4,200\\\text { employer FICA tax}&16,000\\\text { federal unemployment tax}&850\\\text {state unemployment tax}&7,650\end{array}$$ Appropriate monthly deposits of taxes for first quarter 76,000
Form 941 for the first quarter would show

• A) $2,000 balance due.
• B) $2,000 overpaid.
• C) $17,150 balance due.
• D) $17,150 overpaid.

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Definitions:

Deep Ecology

A philosophy that promotes the inherent worth of living beings regardless of their instrumental utility to human needs, deeply questioning mainstream environmentalism's emphasis on resource management.

Inherent Value

The intrinsic worth of something, not based on its utility to humans, often referenced in environmental ethics and conservation.

Material Wealth

The abundance of physical, tangible assets and resources that an individual or society possesses, often considered an indicator of economic well-being.

Planetary Management

A worldview or philosophy that regards humans as the dominant species responsible for managing Earth's resources for maximum benefit.