PSc 6-4 Complete Form 941

Complete Form 941 for the 2nd quarter of 2018 for Smiths Distributing Co. (employer identification #11-3333333). Assume that Smiths Distributing (located at 819 Main Street, Fremont, CA 94538) chooses to complete and mail Form 941 on the due date. Based on the lookback period, Smiths Distributing 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 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 companys president, Juan Wilhelm (telephone #510-555-8293). Second 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.

	April Taxes	May Taxes	June Taxes	2nd Quarter Earnings
FWT	$930.00	$885.00	$905.00	$12,920
Social Security	$263.50	$255.44	$282.10	$12,920
Medicare	$61.63	$59.74	$65.98	$12,920

the current quarter, and you're paying in full with a timely filed return; You are a monthly schedule depositor making a payment in accordance with the Accuracy of Deposits Rule. See section 11 of Pub. 15 for details. In this case, the amount of your payment may be $2.500 or more. Otherwise, you must make deposits by electronic funds transfer. See section 11 of Pub. 15 for deposit instructions. Don't use Form 941-V to make federal tax deposits. Use Form 941-V when making any payment with Form 941. However, if you pay an amount with Form 941 that CAUTION should've been deposited, you may be subject to a penalty. See Deposit Penalties in section 11 of Pub. 15. Box 4Name and address. Enter your name and address as shown on Form 941. Enclose your check or money order made payable to "United States Treasury." Be sure to enter your EIN, "Form 941," and the tax period ("1st Quarter 2018," "2nd Quarter 2018," "3rd Quarter 2018," or "4th Quarter 2018") on your check or money order. Don't send cash. Don't staple Form 941-V or your payment to Form 941 (or to each other). Detach Form 941-V and send it with your payment and Form 941 to the address in the Instructions for Form 941. Note. You must also complete the entity information above Part 1 on Form 941. dbi Detach Here and Mail With Your Payment and Form 941. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1941-V OMB No. 1545-0029 Department of the Treasury Internal Revenue Service Payment Voucher Don't staple this voucher or your payment to Form 941. 2018 Dollars Cents 1 Enter your employer identification number (EIN). Enter the amount of your payment. Make your check or money order payable to "United States Treasury" 3 Tax Period 4 Enter your business name (individual name if sole proprietor). o Enter your address. 1st Quarter 3rd Quarter o caldera 2nd Quarter o 4th Quarter outro Enter your city, state, and ZIP code or your city, foreign country name, foreign province/county, and foreign postal code. Form 941 for 2018: Employer's QUARTERLY Federal Tax Return 950117 OMB No. 1545-0029 (Rev. January 2018) Department of the Treasury - Internal Revenue Service Employer identification number Employer identification number OO O OOOOOO (EIN) Name (not your trade name) Report for this Quarter of 2018 (Check one.) 1: January, February, March 2: April, May, June | 3: July, August, September 4: October, November, December Instructions and prior year forms are available at www.irs.gov/form941. Trade name (if any) Address Number Street Suite or room number City ZIP code Foreign country name Foreign province/county Foreign postal code Read the separate instructions before you complete Form 941. Type or print within the boxes. Part 1: Answer these questions for this quarter. 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..................... 2 3 Federal income tax withheld from wages, tips, and other compensation . .. .. . .. . 3 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 5a Taxable social security wages .. . * 0.124 = 5b Taxable social security tips .... * 0.124 = * 0.029 = 5c Taxable Medicare wages & tips .. 5d Taxable wages & tips subject to Additional Medicare Tax withholding . 0.009 = 5e Add Column 2 from lines 5a, 5b, 5c, and 5d . . . . . . . . . . . . . 5f Section 3121(9) Notice and Demand-Tax due on unreported tips (see instructions) . . . . 6 Total taxes before adjustments. Add lines 3, 5e, and 5f . . . . . . . . . . 7 Current quarter's adjustment for fractions of cents . . . . . . . . 8 Current quarter's adjustment for sick pay. . . . . . . . . 9 Current quarter's adjustments for tips and group-term life insurance . . . . . . 10 Total taxes after adjustments. Combine lines 6 through 9 . . . . . . . . 10 11 Qualified small business payroll tax credit for increasing research activities. Attach Form 8974 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) 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. For Privacy Act and Paperwork Reduction Act Notice, see the back of the Payment Voucher. Next Form 941 (Rev. 1-2018) Cat. No. 170012 950217 950217 Employer identification number (EIN) Name (not your trade name) Part 2: Tell us about your deposit schedule and tax liability for this quarter. If you are unsure about whether you are a monthly schedule depositor or a semiweekly schedule depositor, see section 11 of Pub. 15. 16 Check one: 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 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 Total liability for Total must equal line 12. quarter N You were a semiweekly schedule depositor for any part of this quarter. Complete Schedule B (Form 941), Report of Tax Liability for Semiweekly Schedule Depositors, and attach it to Form 941. Part 3: Tell us about your business. If a question does NOT apply to your business, leave it blank. 17. If your business has closed or you stopped paying wages . . . . . . . . . . . . . . . Check here, and enter the final date you paid wages MM/DD/YYYY 18 If you are a seasonal employer and you don't have to file a return for every quarter of the year . .. . Check here. Part 4: May we speak with your third-party designee? Do you want to allow an employee, a paid tax preparer, or another person to discuss this return with the IRS? See the instructions rall J. Tell us about youi Vusless. Il a gueSLIUII UUUS NUI apply IU YUUI UUSI 55, leave It Ulalik. 17 If your business has closed or you stopped paying wages . . . . . . . . . . . . . . . Check here, and enter the final date you paid wages MM/DD/YYYY 18 If you are a seasonal employer and you don't have to file a return for every quarter of the year . . . . Check here. Part 4: May we speak with your third-party designee? Do you want to allow an employee, a paid tax preparer, or another person to discuss this return with the IRS? See the instructions for details. Yes. Designee's name and phone number Select a 5-digit Personal Identification Number (PIN) to use when talking to the IRS.D D D D D No. Part 5: Sign here. You MUST complete both pages of Form 941 and SIGN it. Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Sign your Print your name here X e our name here Tuan Wilhelm Iman Wilhelm Print your title here Date 07/31/2018 Best daytime phone Paid Preparer Use Only Check if you are self-employed. ... Preparer's name PTIN Preparer's signature Date MM/DD/YYYY Firm's name (or yours if self-employed) EIN D Address Phone ZIP code City State the current quarter, and you're paying in full with a timely filed return; You are a monthly schedule depositor making a payment in accordance with the Accuracy of Deposits Rule. See section 11 of Pub. 15 for details. In this case, the amount of your payment may be $2.500 or more. Otherwise, you must make deposits by electronic funds transfer. See section 11 of Pub. 15 for deposit instructions. Don't use Form 941-V to make federal tax deposits. Use Form 941-V when making any payment with Form 941. However, if you pay an amount with Form 941 that CAUTION should've been deposited, you may be subject to a penalty. See Deposit Penalties in section 11 of Pub. 15. Box 4Name and address. Enter your name and address as shown on Form 941. Enclose your check or money order made payable to "United States Treasury." Be sure to enter your EIN, "Form 941," and the tax period ("1st Quarter 2018," "2nd Quarter 2018," "3rd Quarter 2018," or "4th Quarter 2018") on your check or money order. Don't send cash. Don't staple Form 941-V or your payment to Form 941 (or to each other). Detach Form 941-V and send it with your payment and Form 941 to the address in the Instructions for Form 941. Note. You must also complete the entity information above Part 1 on Form 941. dbi Detach Here and Mail With Your Payment and Form 941. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1941-V OMB No. 1545-0029 Department of the Treasury Internal Revenue Service Payment Voucher Don't staple this voucher or your payment to Form 941. 2018 Dollars Cents 1 Enter your employer identification number (EIN). Enter the amount of your payment. Make your check or money order payable to "United States Treasury" 3 Tax Period 4 Enter your business name (individual name if sole proprietor). o Enter your address. 1st Quarter 3rd Quarter o caldera 2nd Quarter o 4th Quarter outro Enter your city, state, and ZIP code or your city, foreign country name, foreign province/county, and foreign postal code. Form 941 for 2018: Employer's QUARTERLY Federal Tax Return 950117 OMB No. 1545-0029 (Rev. January 2018) Department of the Treasury - Internal Revenue Service Employer identification number Employer identification number OO O OOOOOO (EIN) Name (not your trade name) Report for this Quarter of 2018 (Check one.) 1: January, February, March 2: April, May, June | 3: July, August, September 4: October, November, December Instructions and prior year forms are available at www.irs.gov/form941. Trade name (if any) Address Number Street Suite or room number City ZIP code Foreign country name Foreign province/county Foreign postal code Read the separate instructions before you complete Form 941. Type or print within the boxes. Part 1: Answer these questions for this quarter. 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..................... 2 3 Federal income tax withheld from wages, tips, and other compensation . .. .. . .. . 3 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 5a Taxable social security wages .. . * 0.124 = 5b Taxable social security tips .... * 0.124 = * 0.029 = 5c Taxable Medicare wages & tips .. 5d Taxable wages & tips subject to Additional Medicare Tax withholding . 0.009 = 5e Add Column 2 from lines 5a, 5b, 5c, and 5d . . . . . . . . . . . . . 5f Section 3121(9) Notice and Demand-Tax due on unreported tips (see instructions) . . . . 6 Total taxes before adjustments. Add lines 3, 5e, and 5f . . . . . . . . . . 7 Current quarter's adjustment for fractions of cents . . . . . . . . 8 Current quarter's adjustment for sick pay. . . . . . . . . 9 Current quarter's adjustments for tips and group-term life insurance . . . . . . 10 Total taxes after adjustments. Combine lines 6 through 9 . . . . . . . . 10 11 Qualified small business payroll tax credit for increasing research activities. Attach Form 8974 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) 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. For Privacy Act and Paperwork Reduction Act Notice, see the back of the Payment Voucher. Next Form 941 (Rev. 1-2018) Cat. No. 170012 950217 950217 Employer identification number (EIN) Name (not your trade name) Part 2: Tell us about your deposit schedule and tax liability for this quarter. If you are unsure about whether you are a monthly schedule depositor or a semiweekly schedule depositor, see section 11 of Pub. 15. 16 Check one: 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 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 Total liability for Total must equal line 12. quarter N You were a semiweekly schedule depositor for any part of this quarter. Complete Schedule B (Form 941), Report of Tax Liability for Semiweekly Schedule Depositors, and attach it to Form 941. Part 3: Tell us about your business. If a question does NOT apply to your business, leave it blank. 17. If your business has closed or you stopped paying wages . . . . . . . . . . . . . . . Check here, and enter the final date you paid wages MM/DD/YYYY 18 If you are a seasonal employer and you don't have to file a return for every quarter of the year . .. . Check here. Part 4: May we speak with your third-party designee? Do you want to allow an employee, a paid tax preparer, or another person to discuss this return with the IRS? See the instructions rall J. Tell us about youi Vusless. Il a gueSLIUII UUUS NUI apply IU YUUI UUSI 55, leave It Ulalik. 17 If your business has closed or you stopped paying wages . . . . . . . . . . . . . . . Check here, and enter the final date you paid wages MM/DD/YYYY 18 If you are a seasonal employer and you don't have to file a return for every quarter of the year . . . . Check here. Part 4: May we speak with your third-party designee? Do you want to allow an employee, a paid tax preparer, or another person to discuss this return with the IRS? See the instructions for details. Yes. Designee's name and phone number Select a 5-digit Personal Identification Number (PIN) to use when talking to the IRS.D D D D D No. Part 5: Sign here. You MUST complete both pages of Form 941 and SIGN it. Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Sign your Print your name here X e our name here Tuan Wilhelm Iman Wilhelm Print your title here Date 07/31/2018 Best daytime phone Paid Preparer Use Only Check if you are self-employed. ... Preparer's name PTIN Preparer's signature Date MM/DD/YYYY Firm's name (or yours if self-employed) EIN D Address Phone ZIP code City State