Question: Using a blank form 941, complete Part 1, lines 1-6, using the following information: (If a box is not used in the table leave the

 Using a blank form 941, complete Part 1, lines 1-6, using

Using a blank form 941, complete Part 1, lines 1-6, using the following information: (If a box is not used in the table leave the box empty; do not enter a zero. Round your calculations to the nearest cent as needed.) 3 Total employees during the first quarter Total wages during the first quarter, none came from tips Federal income tax withheld $26,180.18 $ 2,225.00 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), Dec. 12 (Quarter 4) 1 3 2 Wages, tips, and other compensation 2. $ 26,180.18 3 Federal income tax withheld from wages, tips, and other compensation 31 $ 2,225.00 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. 124 = 5b Taxable social security tips. x. 124 = 5c Taxable Medicare wages & tips X.029 = 5d Taxable wages & tips subject to II Additional Medicare Withholding X.009 = Enter any number in the edit fields and then click Check

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!