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Work Together 13.3 On Your Own 13.3 Application 13.3 Directions: Prepare Form 941 for Lance Clothiers for the sceond quarter of the current year. The company address is 154 N. Morgan Street, Tampa, FL 33601-2500. Lance Clothier's employer identification number is 70-7154845 and the company has 5 employees. Federal Employee Social Employee Date Paid Total Earnings Income Tax Security Tax Medicare Tax Monthly Tax Liability Withheld Withheld Withheld Formula: Apr. 30 $9,525.0 $580.00 $590.55 $138.1 Federal Income Tax Withheld May 31 $9,996.00 $625.00 $619.75 $144.9 + (Soc. Sec. Tax Withheld * 2) Jun. 30 $10,439.00 $646.00 $647.22 $151.37 + (Medicare Tax Withheld * 2) Form 941 for 20 : Employer's QUARTERLY Federal Tax Return 950117 Rev. January 2019) tment of the Treasury - Internal Refenue Service OMB No. 1545-0029 Employer identification number (EIN) Report for this Quarter of 2019 (Check one.) Name (not your trade name) : January, February, March Trade name (if any 2: April, May, June Address 3: July, August, September Number Street Suite or room number 14: October, November, December City State ZIP code Read the separate instructions before you complete Form 941. Type or print within the boxes. Part 1: Answer these questions for this quarter. 1 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 .... A W N Federal income tax withheld from wages, tips, and other compensation ... 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 Taxable social security wages . . x 0.124= Report wasges/tipsfor this quarter, x 0.124 = including those paid to qualified new Taxable social security tips employees, on lines 5a-5c. The social Taxable Medicare wages & tips . . x 0.029 = security tax exemption on wages/tips Taxable wages & tips subject to Additional 0.009 = will be figured on lines 6c and 6d and will reduce the tax on line be. Medicare Tax withholding Add Column 2 from lines 5a, 5b, 5c, and 5d Section 3121(q) Notice and Demand-Tax due on unreported tips (see instructions) Total taxes before adjustments. Add lines 3, 5e, and 5f Current quarter's adjustment for fractions of cents Current quarter's adjustment for sick pay Current quarter's adjustments for tips and group-term life insurance Total taxes after adjustments. Combine lines 6 through 9 Qualified small business payroll tax credit for increasing research activities. Attach Form 8974 Total taxes after adjustments and credits. Subtract line 11 from line 10 Balance due. If line 12 is more than line 13, enter the difference and see instructions . . . Overpayment. If line 13 is more than line 12, enter the difference Apply to next return. Send a refund. You MUST complete both pages of Form 941 and SIGN it. For Privacy Act and Paperwork Reduction Act Notice, see the back of the Payment Voucher. Cat. No. 17001Z Form 941 (Rev. 950217 Name (not your trade name) Employer identification number (EIN) Tell us about your deposit schedule and tax liability for this quarter. If you are unsure about whether you are a monthly schedule depositor or a semiweekly schedule depositor, see section 11 of Pub. 15. 16 Check one: Line 10 on this return is less than $2,500 or line 10 on the return for the prior quarter was less than $2,500, and you didn't incur a $100,000 next-day deposit obligation during the current quarter. Go to part 3. You were a monthly schedule depositor for the entire quarter. Enter your tax liability for each month. Tax liability: Month 1 Month 2 Month 3 Total liability for quarter Total must equal line 12.] You were a semiweekly schedule depositor for any part of this quarter. Complete Schedule B (Form 0 941), Report of Tax Liability for Semiweekly Schedule Depositors, and attach it to Form 941.Work Together 13.3 On Your Own 13.3 Application 13.3 Directions: Prepare Form 941 for Concept Designs for the second quarter of the current year. The company address is 12043 Washington Street, Naperville, Illinois 60540-4158. Concept Design's employer identification number is 70-8418625 and the company has 8 employees. Federal Employee Social Employee Date Paid Total Earnings Income Tax Security Tax Medicare Tax Monthly Tax Liability Withheld Withheld Withheld Formula: Apr. 30 $11,820.0 $712.00 $732.84 $171.3 Federal Income Tax Withheld May 31 $12,280.00 $738.00 $761.36 $178.06 + (Soc. Sec. Tax Withheld * 2) Jun. 30 $11,920.00 $724.00 $739.04 $172.84 + (Medicare Tax Withheld * 2) Form 941 for 20 : Employer's QUARTERLY Federal Tax Return 950117 Rev. January 2019) tment of the Treasury - Internal Refenue Service OMB No. 1545-0029 Employer identification number (EIN) Report for this Quarter of 2019 (Check one.) Name (not your trade name) : January, February, March Trade name (if any 2: April, May, June Address 3: July, August, September Number Street Suite or room number 14: October, November, December City State ZIP code Read the separate instructions before you complete Form 941. Type or print within the boxes. Part 1: Answer these questions for this quarter. 1 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 .... A W N Federal income tax withheld from wages, tips, and other compensation ... 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 Taxable social security wages . . x 0.124= Report wasges/tipsfor this quarter, including those paid to qualified new Taxable social security tips x 0.124 = employees, on lines 5a-5c. The social Taxable Medicare wages & tips . . x 0.029 = security tax exemption on wages/tips Taxable wages & tips subject to Additional 0.009 = will be figured on lines 6c and 6d and Medicare Tax withholding will reduce the tax on line be. Add Column 2 from lines 5a, 5b, 5c, and 5d Section 3121(q) Notice and Demand-Tax due on unreported tips (see instructions) Total taxes before adjustments. Add lines 3, 5e, and 5f Current quarter's adjustment for fractions of cents Current quarter's adjustment for sick pay Current quarter's adjustments for tips and group-term life insurance Total taxes after adjustments. Combine lines 6 through 9 Qualified small business payroll tax credit for increasing research activities. Attach Form 8974 Total taxes after adjustments and credits. Subtract line 11 from line 10 Balance due. If line 12 is more than line 13, enter the difference and see instructions . . . Overpayment. If line 13 is more than line 12, enter the difference Apply to next return. Send a refund. You MUST complete both pages of Form 941 and SIGN it. For Privacy Act and Paperwork Reduction Act Notice, see the back of the Payment Voucher. Cat. No. 17001Z Form 941 (Rev. 950217 Name (not your trade name) Employer identification number (EIN) Tell us about your deposit schedule and tax liability for this quarter. If you are unsure about whether you are a monthly schedule depositor or a semiweekly schedule depositor, see section 11 of Pub. 15. 16 Check one: Line 10 on this return is less than $2,500 or line 10 on the return for the prior quarter was less than $2,500, and you didn't incur a $100,000 next-day deposit obligation during the current quarter. Go to part 3. You were a monthly schedule depositor for the entire quarter. Enter your tax liability for each month. Tax liability: Month 1 Month 2 Month 3 Total liability for quarter Total must equal line 12.] You were a semiweekly schedule depositor for any part of this quarter. Complete Schedule B (Form 0 941), Report of Tax Liability for Semiweekly Schedule Depositors, and attach it to Form 941
