Practice Set 6B SUBMIT ASSIGNMENT Exercise Completed Out of 4 THE PSb 6-4 Complete Form 941 Complete Form 941 for the 1st quarter of 2019 for Bouncing Babies Co (employer identification #33-3333333). Assume that Bouncing Babies Co. (located at 91 Bayberry Avenue, Baton Rouge, LA 70714) chooses to complete and mail Form 941 on the due date. Based on the lookback period, Bouncing Babies Co. is a monthly depositor Assume that all necessary deposits were made on a timely basis and that the employer made deposits equal to the total amount owed for the quarter. All 32 employees worked during each of the three months. and the company elects to allow its accountant (William Gordon telephone #225-555-7846, Pin #83463) to discuss the form with the IRS. Additionally, Mr. Gordon signs the form, and no employee is subject to Additional Medicare Tax during the quarter. First quarter earnings and associated taxes withheld from employee earnings are as follows Notes: . For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation 1st January February March Taxes Taxes Taxes Quarter Earnings FWT $12,400.00 $12,720.00 $12,120.00 $331,200 Social $7,579.50 $7,240.36 $7,990.13 $367,903 Security Medicare $1,772.63 $1,693.31 $1,868.66 $367,903 O B