Peaceful Cat Pet Foods is a new business owned by Sylvester Hammond. His first year of operations commenced on June 1, 2019. Company information: EIN: 98-0050036 Address: 1021 Old Plainfield Road, Salina, California 95670 Phone number: 707-555-0303 Number of employees: 11 Wages, tips, and other compensation paid during third quarter 2019: $334,394

Income tax withheld: $66,879

Monthly tax liability: July $ 39,347.10

August $ 39,347.10

September $ 39,347.09

Complete the following Form 941 for third quarter 2019.

 

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Form 941 for 2019: Employer's QUARTERLY Federal Tax Return Department of the Treasury - Internal Revenue Service 950117 OMB No. 1545-0029 Employer identification number (EIN) Report for this Quarter 2019 (Check one.) Name (not your trade name) January. February, March Trade name (if any) April, May, June Address July, August, September Number Street Suite or room number October, November, December City State (NN) ZIP code Instructions and prior-year forms are available at www.irs.gov/form941. Foreign country name Foreign Province/county Foreign Postal code Read the separate instructions before you complete form 941. Type or print within the boxes Answer these questions for this quarter. Part 1: 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) 2 Wages, tips, and other compensation 3 Federal income tax withheld from wages, tips, and other compensation 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 x 0.124 x 0.124 x 0.029 x 0.009 5a Taxable social security wages 5b Taxable social security tips 5c Taxable Medicare wages & tips 5d Taxable wages & tips subject to Additional Medicare Tax withholding 5e Add Column 2 from lines 5a, 5b, 5c, and 5d Бе 5f Section 3121(q) Notice and Demand - Tax due on unreported tips (see instructions) 5f 6 Total taxes before adjustments. 7 Current quarter's adjustments for fractions of cents 8 Current quarter's adjustments for sick pay 9 Current quarter's adjustments for tips and group-term life insurance Add lines 3, 5e, and 5f 6. 9 10 Total taxes after adjustments. Combine lines 6 through 9 10 11 Qualified small business payroll tax credit for increasing research activites. Attach Form 8974 11 12 Total taxes after adjustments and credits. Subtract line 11 from line 10 12 13 Total deposits for this quarter, including overpayment applied from a prior quarter and overpayments applied from Form 941-X, 941-X (PR), 944-X, 944-X (PR), or 944-X (SP) filed in the current quarter 13 14 Balance due. If line 12 is more than line 13, enter the difference and see instructions 14 15 Overpayment. If line 13 is more than line 12, enter the difference Check one: Apply to next return Send a refund. You MUST complete both pages of Form 941 and SIGN it. Next For Privacy Act and Paperwork Reduction Act Notice, see the back of the Payment Voucher. Cat, No. 17001Z Form 941 (Rev. 1-2019) THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM IT SELF. DO NOT USE THIS FORM FOR TAX 123 Form 941 for 2019: Employer's QUARTERLY Federal Tax Return Department of the Treasury - Internal Revenue Service 950117 OMB No. 1545-0029 Employer identification number (EIN) Report for this Quarter 2019 (Check one.) Name (not your trade name) January. February, March Trade name (if any) April, May, June Address July, August, September Number Street Suite or room number October, November, December City State (NN) ZIP code Instructions and prior-year forms are available at www.irs.gov/form941. Foreign country name Foreign Province/county Foreign Postal code Read the separate instructions before you complete form 941. Type or print within the boxes Answer these questions for this quarter. Part 1: 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) 2 Wages, tips, and other compensation 3 Federal income tax withheld from wages, tips, and other compensation 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 x 0.124 x 0.124 x 0.029 x 0.009 5a Taxable social security wages 5b Taxable social security tips 5c Taxable Medicare wages & tips 5d Taxable wages & tips subject to Additional Medicare Tax withholding 5e Add Column 2 from lines 5a, 5b, 5c, and 5d Бе 5f Section 3121(q) Notice and Demand - Tax due on unreported tips (see instructions) 5f 6 Total taxes before adjustments. 7 Current quarter's adjustments for fractions of cents 8 Current quarter's adjustments for sick pay 9 Current quarter's adjustments for tips and group-term life insurance Add lines 3, 5e, and 5f 6. 9 10 Total taxes after adjustments. Combine lines 6 through 9 10 11 Qualified small business payroll tax credit for increasing research activites. Attach Form 8974 11 12 Total taxes after adjustments and credits. Subtract line 11 from line 10 12 13 Total deposits for this quarter, including overpayment applied from a prior quarter and overpayments applied from Form 941-X, 941-X (PR), 944-X, 944-X (PR), or 944-X (SP) filed in the current quarter 13 14 Balance due. If line 12 is more than line 13, enter the difference and see instructions 14 15 Overpayment. If line 13 is more than line 12, enter the difference Check one: Apply to next return Send a refund. You MUST complete both pages of Form 941 and SIGN it. Next For Privacy Act and Paperwork Reduction Act Notice, see the back of the Payment Voucher. Cat, No. 17001Z Form 941 (Rev. 1-2019) THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM IT SELF. DO NOT USE THIS FORM FOR TAX 123

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EIN 980050036 Name Sylvester Hammond Trade Name Peaceful ... View the full answer