For the third quarter of the year, Barney Construction, 715 Red Rock Boulevard, San Francisco, California 94121,
Question:
The company has had six employees throughout the year. Assume that the FICA Social Security (employer) is 6.2 percent and the FICA Social Security (employee) is 4.2 percent on the first $ 106,800 and that the Medicare tax is 1.45 percent of all earnings. The employer matches the employees FICA Medicare taxes. There are no taxable tips, adjustments, backup withholding, or earned income credits. Barney Construction has submitted the following federal tax deposits and written the accompanying checks:
Required
Complete Part 1 of Form 941 for the third quarter for BarneyConstruction.
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Related Book For
College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
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