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 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.) Total employees during the first quarter 3 Total wages during the first quarter, none came from tips $26,550.25 Federal income tax withheld $ 1,980.00 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) 3 2 Wages, tips, and other compensation 21 $ 26.550.25 3 Federal income tax withheld from wages, tips, and other compensation $ 1.980.00 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 x. 124 = x 124 = 5a Taxable social security wages 5b Taxable social security tips 5c Taxable Medicare wages & tips 5d Taxable wages & tips subject to Additional Medicare Withholding 029 = IM x .009 =
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
