PSC 6-4 Complete Form 941 Complete Form 941 for the 2nd quarter of 2023 for Smith's Distributing Co. (Employer Identification #11-3333333). Assume that Smith's Distributing (lccated at 819 Main Street, Fremont, CA 94538) chooses to complete and mail Form 941 on the due date. Based on the lookback period, Smith's Distributing 1s a monthly depositer. 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 five employees worked during each of the three months, and the company does not choose to allow a third party to discuss the form with the IRS. Note that the form is signed by the company's president, Juan Wilhelm (telephone #510-555-8293). Second quarter earnings, and associated taxes withheld from employee eamnings, 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. FWT $930 $885 $905 $12,920 Sacial Security | $263.50 $265.44 $282.10 $12,920 Medicare $61.63 59.74 $65.98 $12,920 m Tell us about your deposit schedule and tax liability for this quarter. If you're unsure about whether you're a monthly schedule depositor or a semiweekly schedule depositor, see section 11 of Pub. 15. 16 Check one:D Line 12 on this return is less than $2,500 or line 12 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. If line 12 for the prior quarter was less than $2,500 but line 12 on this return is $100,000 or more, you must provide a record of your federal tax liability. If you are a monthly schedule depositor, complete the deposit schedule below: If you are a semiweekly schedule depositor, attach Schedule B (Form 941). Go to Part 3. Iz' You were a monthly schedule depositor for the entire quarter. Enter your tax liability for each month and total liability for the quarter, then go to Part 3. Tax liability: Month 1 . Month 2 . Month 3 = R 4696 , 76 Total must equal line 12. quarter D You were a semiweekly schedule depositor for any part of this quarter. Complete Schedule B (Form 941), Repoert of Tax Liability for Semiweekly Schedule Depositors, and attach it to Form 941. Go to Part 3