Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2020 tax year: Lauprechta Incorporated has the following employees on payroll: Semimonthly Payroll Number of Dependents from Form W-4 Marital Status Naila $ 5,800 3

2020 tax year: Lauprechta Incorporated has the following employees on payroll: Semimonthly Payroll Number of Dependents from Form W-4 Marital Status Naila $ 5,800 3 Married Wilfred $ 5,000 2 Married Byron $ 3,600 0 Single Annie $ 4,200 1 Single Assume that the employer uses the percentage method table for a manual payroll system. Prepare Form 941 including Schedule B for the first quarter of 2020. Assume that the payroll is consistent every pay period beginning in January through March 31, that pay days are the 15th and the last day of the month, and that all tax deposits were made on a timely basis as required. Lauprechta Incorporated's Employer Identification Number (EIN) is 36-1238975, and its address is 1825 Elkhart Way, Columbus, GA 31904. Assume the company made no provisions for COVID-19 changes in the first quarter. (Instructions can be found on certain cells within the forms. Round your intermediate computations and final answers to nearest 2 decimal places.) I need to figure out the 940 form filign for the

question and the payroll info for each person. This is for current tax year 2020 filing Not for 2019

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The People Policies Audit

Authors: Maurice A. Phelps

1st Edition

1907766049, 978-1907766046

More Books

Students also viewed these Accounting questions

Question

state what is meant by the term performance management

Answered: 1 week ago