Ted James, the accountant for Andersen Company, must complete Form 941 for the first quarter of the
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Ted James, the accountant for Andersen Company, must complete Form 941 for the first quarter of the current year. Ted gathered the needed data as presented in Problem 8A-1 . Suddenly called away to an urgent budget meeting, Ted requested that you assist him by preparing Form 941 for the first quarter. Please note that the difference in the tax liability, a few cents, should be adjusted on line 7; this difference is due to the rounding of FICA tax amounts.
Problem 8A-1
The following is the monthly payroll of Andersen Company, owned by Donald Andersen. Employees are paid on the last day of each month.
Transcribed Image Text:
FEBRUARY Employee Sam Fish Joy Bryant FICA Monthly Earnings YTD Earnings OASDI Medicare Federal Income Tax $ 4,120 $137.64 $2,220 $ 32.19 $ 308.00 3,500 6,650 217.00 50.75 321.00 Ariana Hess 3,780 7,540 234.36 54.81 430.00 $18,310 $589.00 $137.75 $1,059.00 $9,500
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Form 941 for 201X Employers QUARTERLY Federal Tax Return Department of the TreasuryInternal Revenue Service Employer identification numberEN 2 Name not your trade name Donald Andersen Trade name fany ...View the full answer
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Related Book For
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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