Stan Barker opened Quik-Stop Market on January 3, 2017. The business is subject to FICA taxes. At the end of the first quarter of 2017, Barker, as president of the company, must file Form 941, Employer€™s Quarterly Federal Tax Return. Using Form 941 (Parts 1 through 5), reproduced on pages 3-59 and 3-60, prepare, sign, and date the return on the basis of the information shown below.
Employer€™s address: 234 Oak, Austin, TX 78711-0234 

Employer€™s ID number:00-0005874 

Phone number: (512) 555€“1111
Each employee is paid semimonthly on the 15th and last day of each month. Shown below is the payroll informa- tion for the first quarter of 2017. All pay periods were the same.
None of the employees reported tips during the quarter.

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PAYROLL INFORMATION FOR JANUARY-MARCH Quarterly Wage OASDI Federal Total НI Тах Net Pay Deductions Employee SSN Тах Income Tax $ 647.28 $ 8,381.34 8,524.44 20,363.64 9,664.92 $46,934.34 Albert Greer 000-00-7233 $10,440 10,530 23,220 11,700 $55,890 $151.38 $1,260.00 1,200.00 1,080.00 1,140.00 $4,680.00 $2,058.66 2,005.56 2,856.36 2,035.08 $8,955.66 Patty Dilts Jerod Hughs Denise Eaton 000-00-8451 652.86 152.70 000-00-3668 1,439.64 336.72 169.68 $810.48 000-00-6527 725.40 $3,465.18 Totals $810.41 Employer's FICA taxes $3,465.18 For the Quarter OASDI НI The total taxes per payday are: Employees' FICA Tax-OASDI Employer's FICA Tax-OASDI Employees' FICA Tax-HI Employer's FICA Tax-HI Employees' FIT Tax $ 577.53 577.53 135.08 135.07 780.00 Total $2,205.21 × 6 deposits = $13,231.26 for the quarter 941 for 20--: Employer's QUARTERLY Federal Tax Return (Rev. January 2016) Form Department of the Treasury – Internal Revenue Service OMB No. 1545-0029 4 Report for this Quarter of 20-- Employer identification number (EIN) (Check one.) Name (not your trade name) STAN BARKER 1: January, February, March 2: April, May, June Trade name (if any) QUIK-STOP MARKET 3: July, August, September 234 OAK Address 4: October, November, December Number Street Suite or room number Instructions and prior year forms are available at www.irs.gov/form941. AUSTIN TX 78711-0234 City State ZIP code Foreign country name Foreign province/county Foreign postal code Read the separate instructions before you complete Form 941. Type or print within the boxes. Part 1: Answer these questions for this quarter. Number of employees who received wages, tips, or other compensation for the pay period including: Mar. 12 (Quarter 1), June 12 (Quarter 2), Sept. 12 (Quarter 3), or Dec. 12 (Quarter 4) Wages, tips, and other compensation 2 3 Federal income tax withheld from wages, tips, and other compensation 3 4 If no wages, tips, and other compensation are subject to social security or Medicare tax Check and go to line 6. Column 1 Column 2 5a Taxable social security wages. x .124 = 5b Taxable social security tips. . x.124 = 5c Taxable Medicare wages & tips. x .029 =