Question: Practice SetB 219 P5sb 6-4 Complete Form 941 Complete Form 941 for the 1st quarter of 2018 for Bouncing Babies Co. (Employer Identification #33 Assume

Practice SetB 219 P5sb 6-4 Complete Form 941 Complete Form 941 for the 1st quarter of 2018 for Bouncing Babies Co. (Employer Identification #33 Assume that Bouncing Babies Co. (located at 91 Bayberry Avenue. 3333333). 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 equl 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, William signs the form, and no employee is subject to Additional Medicare Tax and associated taxes withheld from employee earnings are as follows. 1st Quarter Earnings $331,200 $367.903 $367.903 March Taxes $12,120.00 $7,990.13 $1,868.66 January Taxes $12,400.00 $7,579.50 $1,772.63 February Taxes $12,720.00 $7,240.36 $1,693.31 FWT Social Security Medicare Practice SetB 219 P5sb 6-4 Complete Form 941 Complete Form 941 for the 1st quarter of 2018 for Bouncing Babies Co. (Employer Identification #33 Assume that Bouncing Babies Co. (located at 91 Bayberry Avenue. 3333333). 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 equl 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, William signs the form, and no employee is subject to Additional Medicare Tax and associated taxes withheld from employee earnings are as follows. 1st Quarter Earnings $331,200 $367.903 $367.903 March Taxes $12,120.00 $7,990.13 $1,868.66 January Taxes $12,400.00 $7,579.50 $1,772.63 February Taxes $12,720.00 $7,240.36 $1,693.31 FWT Social Security Medicare
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