Question: Shown below is selected information to complete form 941. Assume all taxes had been deposited in full and timely prior to completion of form

Shown below is selected information to complete form 941. Assume all taxes had been deposited in full and timely prior to completion of form 941, and that the employer is a monthly depositor. Each employee is paid semimonthly on the 15th and last day of each month. Shown below is the payroll information for the first quarter of 2020. All pay periods were the same. Payroll Information for January - March Employee Gross Earnings OASDI HI Tax Federal Income Tax Total Deductions Net Pay Paul Purson $4,615.00 $286.13 $66.92 $365.00 $718.05 $3,896.95 Matt Dirkson 8,190.00 507.78 118.76 963.00 1,589.54 6,600.46 Joan Howard 8,490.00 526.38 123.11 1,084.00 1,733.49 6,756.51 Dorrie Smith 10,070.00 624.34 Totals $31,365.00 $1,944.63 146.02 $454.81 1,131.00 1,901.36 8,168.64 $3,543.00 $5,942.44 $25,422.56 The total taxes per payday are: Employees' FICA Tax-OASDI Employer's FICA Tax-OASDI Employees' FICA Tax-HI Employer's FICA TaxHI Employees' FIT Total $324.11 324.11 75.80 75.80 590.50 $1,390.32 Printable copy of the register: Final Exam Form 941 Payroll Register.pdf. Instructions: Download the Form 941 below. Then complete parts 1 and 2. After you've completed the form, re-open it on your computer to make sure it saved properly, then upload it here.
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