The first quarter tax return needs to be filed for Prevosti Farms and Sugarhouse by April 15, 2019. For the purpose of the taxes, assume the second February payroll amounts were duplicated for the March 9 and March 23 payroll periods and the new benefit elections went into effect as planned. The form was completed and signed on April 10, 2019. The gym membership is for a dedicated facility for employees and spouses.

Benefit Information	Exclude: Federal	FICA
Health Insurance	Yes	Yes
Life Insurance	Yes	Yes
Long-term Care	Yes	Yes
FSA	Yes	Yes
401(k)	Yes	No
Gym	No	No

Owner's name: Toni Prevosti

Address: 820 Westminster Road, Bridgewater, VT 05520.

Phone: 802-673-2636

Number of employees: 8

Gross quarterly wages: $32,085.15

Federal income tax withheld: $628.00

401(k) contributions: $1,259.90

Insurance withheld: $4,080.00

Gym membership: $90.00 (For the pay-period completed till March 23).

Monthly Deposits		Amount
Month 1	$	0
Month 2	$	2,008.18
Month 3	$	2,904.72

Required:

Complete Form 941 for Prevosti Farms and Sugarhouse. Prevosti Farms and Sugarhouse was assigned EIN 22-6654454

 

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Page 1 of Form 941. (Round your answers to 2 decimal places.) Form 941 for 2019: Employer's QUARTERLY Federal Tax Return 950117 Department of the Treasury - Internal Revenue Service OMB No. 1545-0029 Employer identification number (EIN) 22-6654454 Report for this Quarter 2019 (Check one.) Name (not your trade name) Toni Prevosti 1: January, February, March Trade name (if any) 2: April, May, June Address 820 Westminster Road 3: July, August, September Number Street Suite or room number Bridgewater 104: VT 05520 October, November, December City State (NN) ZIP code Instructions and prior-year forms are available at www.irs.gov/form941. 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) 1 8 2 Wages, tips, and other compensation 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 x 0.124 0.00 5b Taxable social security tips x 0.124 0.00 5c Taxable Medicare wages & tips x 0.029 0.00 5d Taxable wages & tips subject to Additional Medicare Tax withholding x 0.009 0.00 5e Add Column 2 from lines 5a, 5b, 5c, and 5d 5e 0.00 5f Section 3121(q) Notice and Demand Tax due on unreported tips 6 Total taxes before adjustments. 7 Current quarter's adjustments for fractions of cents 8 Current quarter's adjustments for sick pay 9 Current quarter's adjustments for tips and group-term life insurance 10 Total taxes after adjustments. (see instructions) 5f Add lines 3, 5e, and 5f 6 0.00 7 8. 9 Combine lines 6 through 9 10 0.00 11 Qualified small business payroll tax credit for increasing research activites. Attach Form 8974 11 12 Total taxes after adjustments and credits. Subtract line 11 from line 10 12 0.00 13 Total deposits for this quarter, including overpayment applied from a prior quarter and overpayments applied from Form 941-X, 941-X (PR), 944-X, 944-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 0.00 Apply to next 15 Overpayment. If line 13 is more than line 12, enter the difference 0.00 Check one: Send a refund. return > You MUST complete both pages of Form 941 and SIGN it. Next > For Privacy Act and Paperwork Reduction Act Notice, see the back of the Payment Voucher. Cat. No. 17001Z Form 941 (Rev. 1-2019) THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. © 2020 McGraw-Hill Education. < 941 PG 1 941 PG 2 > Page 1 of Form 941. (Round your answers to 2 decimal places.) Form 941 for 2019: Employer's QUARTERLY Federal Tax Return 950117 Department of the Treasury - Internal Revenue Service OMB No. 1545-0029 Employer identification number (EIN) 22-6654454 Report for this Quarter 2019 (Check one.) Name (not your trade name) Toni Prevosti 1: January, February, March Trade name (if any) 2: April, May, June Address 820 Westminster Road 3: July, August, September Number Street Suite or room number Bridgewater 104: VT 05520 October, November, December City State (NN) ZIP code Instructions and prior-year forms are available at www.irs.gov/form941. 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) 1 8 2 Wages, tips, and other compensation 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 x 0.124 0.00 5b Taxable social security tips x 0.124 0.00 5c Taxable Medicare wages & tips x 0.029 0.00 5d Taxable wages & tips subject to Additional Medicare Tax withholding x 0.009 0.00 5e Add Column 2 from lines 5a, 5b, 5c, and 5d 5e 0.00 5f Section 3121(q) Notice and Demand Tax due on unreported tips 6 Total taxes before adjustments. 7 Current quarter's adjustments for fractions of cents 8 Current quarter's adjustments for sick pay 9 Current quarter's adjustments for tips and group-term life insurance 10 Total taxes after adjustments. (see instructions) 5f Add lines 3, 5e, and 5f 6 0.00 7 8. 9 Combine lines 6 through 9 10 0.00 11 Qualified small business payroll tax credit for increasing research activites. Attach Form 8974 11 12 Total taxes after adjustments and credits. Subtract line 11 from line 10 12 0.00 13 Total deposits for this quarter, including overpayment applied from a prior quarter and overpayments applied from Form 941-X, 941-X (PR), 944-X, 944-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 0.00 Apply to next 15 Overpayment. If line 13 is more than line 12, enter the difference 0.00 Check one: Send a refund. return > You MUST complete both pages of Form 941 and SIGN it. Next > For Privacy Act and Paperwork Reduction Act Notice, see the back of the Payment Voucher. Cat. No. 17001Z Form 941 (Rev. 1-2019) THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. © 2020 McGraw-Hill Education. < 941 PG 1 941 PG 2 >

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