John Andrews, the accountant for Johnson Company, must complete Form 941 for the first quarter of the
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John Andrews, the accountant for Johnson Company, must complete Form 941 for the first quarter of the current year. John gathered the needed data as presented in Problem 8A-2.
Suddenly called away to an urgent budget meeting, John requested that you assist him by preparing the Form 941 for the first quarter. Please note that the difference in the tax liability, a few cents, should be adjusted on line 7a; this difference is due to the rounding of FICA taxamounts.
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