4 If no wages, tips, and other compensation are subject to social security or Medicare tax Check and go to line 6. 12,201.77 5f 6 Column 1 Column 2 sa Taxable social security wages..... 79,750.17 0.124 - 9,889.02 Sb Taxable social security tips ........ x 0.124 Sc Taxable Medicare wages & tips ..... 79,750.17 x 0.029 - 2,312.75 5d Taxable wages & tips subject to x 0.009 - Additional Medicare Tax withholding Se Add Column 2 from lines Sa, sb, sc, and 5d. 5e 5f Section 3121(9) Notice and Demand-Tax due on unreported tips (see instructions) 6 Total taxes before adjustments. Add lines 3, 5e, and St. Current quarter's adjustment for fractions of cents Current quarter's adjustment for sick pay Current quarter's adjustments for tips and group-term life insurance 10 Total taxes after adjustments. Combine lines 6 through 9 .. 10 11 Qualified small business payroll tax credit for increasing research activities. Attach Form 8974 .. 12 Total taxes after adjustments and credits. Subtract line 11 from line 10.. 12 13 Total deposits for this quarter, including overpayment applied from a prior quarter and overpayments 13 applied from Form 941-X, 941-X (PR), 944-X, or 944-X (SP) filed in the current quarter.. 14 Balance due. If line 12 is more than line 13, enter the difference and see instructions 21,771.77 7 -15 X 8 9 9 11 14 Check My Work Previous Next US 4:22 Figure 3.8 Cruz Company has gathered the information needed to complete its Form 941 for the quarter ended September 30, 20... Using the information presented below, complete Part 1 of Form 941. # of employees for pay period that included September 12 = 14 employees Wages paid third quarter = $79,750.17 Federal income tax withheld in the third quarter = $9,570.00 Taxable social security and Medicare wages = $79,750.17 Total tax deposits for the quarter = $21,771.83 Note: Lines Sa and Sc of Form 941, tax on total taxable wages, are computed by multiplying by the combined tax rate for both employer and employee. Small differences due to rounding may occur between this total and the total taxes withheld from employees each pay period and t amount of the employer's taxes calculated each pay period. This difference is reported on line 7 as a deduction or an addition as "Fractions of Cents."