Peaceful Cat Pet Foods is a new business owned by Wren Hammond. The first year of...

 

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Peaceful Cat Pet Foods is a new business owned by Wren Hammond. The first year of operations commenced on January 1, 2022. Company information: EIN: 98-0050036 Address: 1021 Old Plainfield Road, Salina, California, 95670 Phone: 707-555-0303 Number of employees: 7 Wages, tips, and other compensation paid during the first quarter of 2022: $354,625 Social Security taxable wages: $320,000 Medicare taxable wages: $320,000 Income tax withheld: $70,925 Monthly tax liability: January February March $ 39,961.67 39,961.67 39,961.66 Required: Complete the following Form 941 for the first quarter of 2022. The form was signed by the owner on April 11, 2022. Note: Instructions on format can be found on certain cells within the forms. Peaceful Cat Pet Foods is a new business owned by Wren Hammond. The first year of operations commenced on January 1, 2022. Company information: EIN: 98-0050036 Address: 1021 Old Plainfield Road, Salina, California, 95670 Phone: 707-555-0303 Number of employees: 7 Wages, tips, and other compensation paid during the first quarter of 2022: $354,625 Social Security taxable wages: $320,000 Medicare taxable wages: $320,000 Income tax withheld: $70,925 Monthly tax liability: January February March $ 39,961.67 39,961.67 39,961.66 Required: Complete the following Form 941 for the first quarter of 2022. The form was signed by the owner on April 11, 2022. Note: Instructions on format can be found on certain cells within the forms.