Form 941 is completed by employers on a quarterly basis and submitted to the federal government....

 

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Form 941 is completed by employers on a quarterly basis and submitted to the federal government. Most employers will similarly submit quarterly payroll forms to their respective states. It is important to examine the quarterly forms for your state, as the formats (and information required) are different from one state to another. In this exercise, you will use the Internet to locate and review the quarterly payroll forms for your state. Start by searching for the state payroll forms that apply to your state. Keep in mind that although a number of states do not levy an income tax on employees, they still require that quarterly forms be submitted. One reason for this is that state unemployment tax must still be remitted in these states. Once you have located the form(s), write a paragraph of at least five sentences in which you discuss both the figures required on the form and the differences between the state forms and Form 941. Submit your final file based on the guidelines provided by your instructor. Form 941 is completed by employers on a quarterly basis and submitted to the federal government. Most employers will similarly submit quarterly payroll forms to their respective states. It is important to examine the quarterly forms for your state, as the formats (and information required) are different from one state to another. In this exercise, you will use the Internet to locate and review the quarterly payroll forms for your state. Start by searching for the state payroll forms that apply to your state. Keep in mind that although a number of states do not levy an income tax on employees, they still require that quarterly forms be submitted. One reason for this is that state unemployment tax must still be remitted in these states. Once you have located the form(s), write a paragraph of at least five sentences in which you discuss both the figures required on the form and the differences between the state forms and Form 941. Submit your final file based on the guidelines provided by your instructor.

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These types of businesses dont have to file Form 941 Seasonal businesses dont have to file during qu... View the full answer