Using the information from Problem 11, complete Form 941 and Worksheet 1 located on Pages 9-55 to

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Using the information from Problem 11, complete Form 941 and Worksheet 1 located on Pages 9-55 to 9-58 for Drew for the second quarter of 2020.
Assume the following additional information:
• Drew was eligible for the employee retention credit.
• All of Jack’s wages are for two weeks of sick pay. He was not paid for any other time in the second quarter.
• All of Avery’s wages cover 10 weeks of family leave. She was paid for no other time in the second quarter.
• The allocation of health care costs is $600 for the quarter for each employee.

Form 941 for 2020: Employer's QUARTERLY Federal Tax Return (Rev. April 2020) Department of the Treasury -

Name (not your trade name) Part 1: Answer these questions for this quarter. (continued) 11d Total

Name (not your trade name) Part 3: Tell us about your business. If a question does NOT apply to your

Worksheet 1. Credit for Qualified Sick and Family Leave Wages and the Employee Retention Credit Determine how


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Income Tax Fundamentals 2021

ISBN: 9780357141366

39th Edition

Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill

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