Karen Kluster opened Lube and Wash on January 2, 20-. The business is subject to FICA taxes. At the end of the first quarter of 20-, Kluster, as president of the company, must file Form 941, Employer's Quarterly Federal Tax Return. Employer's address: 234 OAK, AUSTIN, TX 78711-0234 Employer's ID number: 00-0005874 Phone number: (512) 555-1111 Date filed: April 30, 20- Each employee is paid semimonthly on the 15th and last day of each month. Shown below is the payroll information for the first quarter of 20-. ll pay periods were the same. PAYROLL INFORMATION FOR JANUARY-MARCH Federal Quarterly OASDI Income Total Employee SSN Wage Tax HI Tax Deductions Net Pay Paul Purson 000-00-7233 $4,515.00 $279.93 $65.47 $371.00 $716.40 $3,798.60 Matt Dirkson 000-00-8451 8,150.00 505.30 118.18 965.00 1,588.48 6,561.52 Joan Howard 000-00-3668 8,415.00 521.73 122.02 1,080.00 1,723.75 6,691.25 Dorrie Smith 000-00-6527 10,050.00 623.10 145.73 1,144.00 1,912.83 8,137.17 Totals $31,130.00 $1,930.06 $451.40 $3,560.00 $5,941.46 $25,188.54 Totals $31,130.00 $1,930.06 $451.40 $3,560.00 $5,941.46 $25,188.54 Employer's FICA taxes $1,930.06 $451.39 for the quarter OASDI HI The total taxes per payday are: Employees' FICA Tax-OASDI $321.68 Employer's FICA Tax-OASDI 321.68 Employees' FICA Tax-HI 75.23 Employer's FICA Tax-HI 75.23 Employees' FIT 593.33 Total $1,387.15 x 6 deposits - $8,322.90 for the quarter None of the employees reported tips during the quarter. Using Form 941 below, prepare the return on the basis of the information shown above. Note: Lines 5a 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 the 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 Use minus sign to indicate a deduction. If line 7 is zero, for grading purposes only, enter a zero. Assume that company deposits taxes on monthly basis Hint: Line 7 instructions. Fill in Form 941 through line 6, and then fill in Part 2, line 16 or Schedule B. Take that information and fill in line 13. Lines 12 and 13 must equal. If the amounts are not the same, correct by entering amount to make equal on line 7. Line 7 differences are caused by how calculations are made on Form 941 and the amounts withheld from employee's earning plus the employer's payroll tax amounts each pay Form 941 for 20--: Employer's QUARTERLY Federal Tax Return (Rev. January 2019) Department of the Treasury-Internal Revenue Seence OMB No. 154 Report for this Quarter of 20- (Select one.) Employer identification number (EIN) Name (not your trade name) KAREN KLUSTER 11 for nforma Trade name (if any) LUBE AND WASH January, February, March Address 234 OAK April, May, June Number Street or room number July, August, September 70711 4524 Ortnher Nmiemher Deremher AIICTIM ead the separate instructions before you complete Form 941. Type or print within the boxes. Part 1: Answer these questions for this quarter. 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), or Dec. 12 (Quarter 4) 2. 2 Wages, tips, and other compensation 3. 3 Federal income tax withheld from wages, tips, and other compensation O Check and go to line 6 4 If no wages, tips, and other compensation are subject to social security or Medicare tax Column 1 Column 2 Sa Taxable social security wages..... x0.124 - 5b Taxable social security tips. x0.124 = 5c Taxable Medicare wages & tips..... x0,029- 5d Taxable wages & tips subject to Additional Medicare Tax withholding x 0.009 - Se 5e Add Column 2 from lines 5a, Sb, 5c, and Sd 5f 5f Section 3121(q) Notice and Demand-Tax due on unreported tips (see instructions) 6. 6. Total taxes before adjustments. Add lines 3, Se, and 5f 7. Current quarter's adjustment for fractions of cents Se Add Column 2 from lines Sa, Sb, Se, and 5d Se 51 Section 3121(g) Notice and Demand-Tax due on unreported tips (see instructions) 6. Total taxes before adjustments. Add lines 3, 5e, and SF 6. Current quarter's adjustment for fractions of cents 7. 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 11 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 applied from Form 941-X, 941-X (PR), 944-X, or 944-X (SP) filed in the current quarter. 13 14 Balance due. If line 12 is more than line 13, enter the difference and see Instructions. 14 15 Overpayment. If line 13 is more than line 12, enter the difference Check one: D Apply to next return. O Send a refune Ne You MUST complete both pages of Form 941 and SIGN it. For Privacy Act and Paperwork Reduction Act Notice, see the back of the Payment Voucher. Cat. No. 17001z Form 941 (Rev. 1- 00-0005874 Part 2: Tell us about your deposit schedule and tax liability for this quarter. If you are unsure about whether you are a monthly schedule depositor or a semiweekly schedule depositor, see section 11 of Pub. 15. 16 Check one: is return is less than $2,500 or line 12 on the return for the prior quarter was less than $2,500, and cur a $100,000 next-day deposit obligation during the current quarter. If line 12 for the prior quarter wa a. Line you d less th b 00 but line 12 on this return is $100,000 or more, you must provide a record of your federal tax liability. If you a mon edule depositor, complete the deposit schedule below; if you are a semiweekly schedule depositor, attach Sched B (For Go to Part 3. b. You were a monthly schedule depositor for the entire quarter. Enter your tax liability for each month and total liability the quarter, then go to Part 3. Tax liability: Month 1 Month 2 Month 3 Total liability for quarter Total must equal line 12. C. You were a semiweekly schedule depositor for any part of this quarter. Complete Schedule B (Form 941), Report of Liability for Semiweekly Schedule Depositors, and attach it to Form 941. Month 3 Total liability for quarter Total must equal line 12. C. You were a semiweekly schedule depositor for any part of this quarter. Complete Schedule B (Form 941), Report of Ta Liability for Semiweekly Schedule Depositors, and attach it to Form 941. Part 3: Tell us about your business. If a question does NOT apply to your business, leave it blank. 17 If your business has closed or you stopped paying wages. .O Check here, an enter the final date you paid wages 18 If you are a seasonal employer and you don't have to file a return for every quarter of the year. O Check here. Part 4: May we speak with your third-party designee? Do you want to allow an employee, a paid tax preparer, or another person to discuss this return with the IRS? See the instructions fo details. Designee's name and phone number Select a S-digit Personal identification Number (PIN) to use when talking to the IRS. Part 5: Sign here. You MUST complete both pages of Form 941 and SIGN it. Karen Kluster opened Lube and Wash on January 2, 20-. The business is subject to FICA taxes. At the end of the first quarter of 20-, Kluster, as president of the company, must file Form 941, Employer's Quarterly Federal Tax Return. Employer's address: 234 OAK, AUSTIN, TX 78711-0234 Employer's ID number: 00-0005874 Phone number: (512) 555-1111 Date filed: April 30, 20- Each employee is paid semimonthly on the 15th and last day of each month. Shown below is the payroll information for the first quarter of 20-. ll pay periods were the same. PAYROLL INFORMATION FOR JANUARY-MARCH Federal Quarterly OASDI Income Total Employee SSN Wage Tax HI Tax Deductions Net Pay Paul Purson 000-00-7233 $4,515.00 $279.93 $65.47 $371.00 $716.40 $3,798.60 Matt Dirkson 000-00-8451 8,150.00 505.30 118.18 965.00 1,588.48 6,561.52 Joan Howard 000-00-3668 8,415.00 521.73 122.02 1,080.00 1,723.75 6,691.25 Dorrie Smith 000-00-6527 10,050.00 623.10 145.73 1,144.00 1,912.83 8,137.17 Totals $31,130.00 $1,930.06 $451.40 $3,560.00 $5,941.46 $25,188.54 Totals $31,130.00 $1,930.06 $451.40 $3,560.00 $5,941.46 $25,188.54 Employer's FICA taxes $1,930.06 $451.39 for the quarter OASDI HI The total taxes per payday are: Employees' FICA Tax-OASDI $321.68 Employer's FICA Tax-OASDI 321.68 Employees' FICA Tax-HI 75.23 Employer's FICA Tax-HI 75.23 Employees' FIT 593.33 Total $1,387.15 x 6 deposits - $8,322.90 for the quarter None of the employees reported tips during the quarter. Using Form 941 below, prepare the return on the basis of the information shown above. Note: Lines 5a 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 the 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 Use minus sign to indicate a deduction. If line 7 is zero, for grading purposes only, enter a zero. Assume that company deposits taxes on monthly basis Hint: Line 7 instructions. Fill in Form 941 through line 6, and then fill in Part 2, line 16 or Schedule B. Take that information and fill in line 13. Lines 12 and 13 must equal. If the amounts are not the same, correct by entering amount to make equal on line 7. Line 7 differences are caused by how calculations are made on Form 941 and the amounts withheld from employee's earning plus the employer's payroll tax amounts each pay Form 941 for 20--: Employer's QUARTERLY Federal Tax Return (Rev. January 2019) Department of the Treasury-Internal Revenue Seence OMB No. 154 Report for this Quarter of 20- (Select one.) Employer identification number (EIN) Name (not your trade name) KAREN KLUSTER 11 for nforma Trade name (if any) LUBE AND WASH January, February, March Address 234 OAK April, May, June Number Street or room number July, August, September 70711 4524 Ortnher Nmiemher Deremher AIICTIM ead the separate instructions before you complete Form 941. Type or print within the boxes. Part 1: Answer these questions for this quarter. 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), or Dec. 12 (Quarter 4) 2. 2 Wages, tips, and other compensation 3. 3 Federal income tax withheld from wages, tips, and other compensation O Check and go to line 6 4 If no wages, tips, and other compensation are subject to social security or Medicare tax Column 1 Column 2 Sa Taxable social security wages..... x0.124 - 5b Taxable social security tips. x0.124 = 5c Taxable Medicare wages & tips..... x0,029- 5d Taxable wages & tips subject to Additional Medicare Tax withholding x 0.009 - Se 5e Add Column 2 from lines 5a, Sb, 5c, and Sd 5f 5f Section 3121(q) Notice and Demand-Tax due on unreported tips (see instructions) 6. 6. Total taxes before adjustments. Add lines 3, Se, and 5f 7. Current quarter's adjustment for fractions of cents Se Add Column 2 from lines Sa, Sb, Se, and 5d Se 51 Section 3121(g) Notice and Demand-Tax due on unreported tips (see instructions) 6. Total taxes before adjustments. Add lines 3, 5e, and SF 6. Current quarter's adjustment for fractions of cents 7. 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 11 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 applied from Form 941-X, 941-X (PR), 944-X, or 944-X (SP) filed in the current quarter. 13 14 Balance due. If line 12 is more than line 13, enter the difference and see Instructions. 14 15 Overpayment. If line 13 is more than line 12, enter the difference Check one: D Apply to next return. O Send a refune Ne You MUST complete both pages of Form 941 and SIGN it. For Privacy Act and Paperwork Reduction Act Notice, see the back of the Payment Voucher. Cat. No. 17001z Form 941 (Rev. 1- 00-0005874 Part 2: Tell us about your deposit schedule and tax liability for this quarter. If you are unsure about whether you are a monthly schedule depositor or a semiweekly schedule depositor, see section 11 of Pub. 15. 16 Check one: is return is less than $2,500 or line 12 on the return for the prior quarter was less than $2,500, and cur a $100,000 next-day deposit obligation during the current quarter. If line 12 for the prior quarter wa a. Line you d less th b 00 but line 12 on this return is $100,000 or more, you must provide a record of your federal tax liability. If you a mon edule depositor, complete the deposit schedule below; if you are a semiweekly schedule depositor, attach Sched B (For Go to Part 3. b. You were a monthly schedule depositor for the entire quarter. Enter your tax liability for each month and total liability the quarter, then go to Part 3. Tax liability: Month 1 Month 2 Month 3 Total liability for quarter Total must equal line 12. C. You were a semiweekly schedule depositor for any part of this quarter. Complete Schedule B (Form 941), Report of Liability for Semiweekly Schedule Depositors, and attach it to Form 941. Month 3 Total liability for quarter Total must equal line 12. C. You were a semiweekly schedule depositor for any part of this quarter. Complete Schedule B (Form 941), Report of Ta Liability for Semiweekly Schedule Depositors, and attach it to Form 941. Part 3: Tell us about your business. If a question does NOT apply to your business, leave it blank. 17 If your business has closed or you stopped paying wages. .O Check here, an enter the final date you paid wages 18 If you are a seasonal employer and you don't have to file a return for every quarter of the year. O Check here. Part 4: May we speak with your third-party designee? Do you want to allow an employee, a paid tax preparer, or another person to discuss this return with the IRS? See the instructions fo details. Designee's name and phone number Select a S-digit Personal identification Number (PIN) to use when talking to the IRS. Part 5: Sign here. You MUST complete both pages of Form 941 and SIGN it. Karen Kluster opened Lube and Wash on January 2, 20-. The business is subject to FICA taxes. At the end of the first quarter of 20-, Kluster, as president of the company, must file Form 941, Employer's Quarterly Federal Tax Return. Employer's address: 234 OAK, AUSTIN, TX 78711-0234 Employer's ID number: 00-0005874 Phone number: (512) 555-1111 Date filed: April 30, 20- Each employee is paid semimonthly on the 15th and last day of each month. Shown below is the payroll information for the first quarter of 20-. ll pay periods were the same. PAYROLL INFORMATION FOR JANUARY-MARCH Federal Quarterly OASDI Income Total Employee SSN Wage Tax HI Tax Deductions Net Pay Paul Purson 000-00-7233 $4,515.00 $279.93 $65.47 $371.00 $716.40 $3,798.60 Matt Dirkson 000-00-8451 8,150.00 505.30 118.18 965.00 1,588.48 6,561.52 Joan Howard 000-00-3668 8,415.00 521.73 122.02 1,080.00 1,723.75 6,691.25 Dorrie Smith 000-00-6527 10,050.00 623.10 145.73 1,144.00 1,912.83 8,137.17 Totals $31,130.00 $1,930.06 $451.40 $3,560.00 $5,941.46 $25,188.54 Totals $31,130.00 $1,930.06 $451.40 $3,560.00 $5,941.46 $25,188.54 Employer's FICA taxes $1,930.06 $451.39 for the quarter OASDI HI The total taxes per payday are: Employees' FICA Tax-OASDI $321.68 Employer's FICA Tax-OASDI 321.68 Employees' FICA Tax-HI 75.23 Employer's FICA Tax-HI 75.23 Employees' FIT 593.33 Total $1,387.15 x 6 deposits - $8,322.90 for the quarter None of the employees reported tips during the quarter. Using Form 941 below, prepare the return on the basis of the information shown above. Note: Lines 5a 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 the 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 Use minus sign to indicate a deduction. If line 7 is zero, for grading purposes only, enter a zero. Assume that company deposits taxes on monthly basis Hint: Line 7 instructions. Fill in Form 941 through line 6, and then fill in Part 2, line 16 or Schedule B. Take that information and fill in line 13. Lines 12 and 13 must equal. If the amounts are not the same, correct by entering amount to make equal on line 7. Line 7 differences are caused by how calculations are made on Form 941 and the amounts withheld from employee's earning plus the employer's payroll tax amounts each pay Form 941 for 20--: Employer's QUARTERLY Federal Tax Return (Rev. January 2019) Department of the Treasury-Internal Revenue Seence OMB No. 154 Report for this Quarter of 20- (Select one.) Employer identification number (EIN) Name (not your trade name) KAREN KLUSTER 11 for nforma Trade name (if any) LUBE AND WASH January, February, March Address 234 OAK April, May, June Number Street or room number July, August, September 70711 4524 Ortnher Nmiemher Deremher AIICTIM ead the separate instructions before you complete Form 941. Type or print within the boxes. Part 1: Answer these questions for this quarter. 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), or Dec. 12 (Quarter 4) 2. 2 Wages, tips, and other compensation 3. 3 Federal income tax withheld from wages, tips, and other compensation O Check and go to line 6 4 If no wages, tips, and other compensation are subject to social security or Medicare tax Column 1 Column 2 Sa Taxable social security wages..... x0.124 - 5b Taxable social security tips. x0.124 = 5c Taxable Medicare wages & tips..... x0,029- 5d Taxable wages & tips subject to Additional Medicare Tax withholding x 0.009 - Se 5e Add Column 2 from lines 5a, Sb, 5c, and Sd 5f 5f Section 3121(q) Notice and Demand-Tax due on unreported tips (see instructions) 6. 6. Total taxes before adjustments. Add lines 3, Se, and 5f 7. Current quarter's adjustment for fractions of cents Se Add Column 2 from lines Sa, Sb, Se, and 5d Se 51 Section 3121(g) Notice and Demand-Tax due on unreported tips (see instructions) 6. Total taxes before adjustments. Add lines 3, 5e, and SF 6. Current quarter's adjustment for fractions of cents 7. 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 11 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 applied from Form 941-X, 941-X (PR), 944-X, or 944-X (SP) filed in the current quarter. 13 14 Balance due. If line 12 is more than line 13, enter the difference and see Instructions. 14 15 Overpayment. If line 13 is more than line 12, enter the difference Check one: D Apply to next return. O Send a refune Ne You MUST complete both pages of Form 941 and SIGN it. For Privacy Act and Paperwork Reduction Act Notice, see the back of the Payment Voucher. Cat. No. 17001z Form 941 (Rev. 1- 00-0005874 Part 2: Tell us about your deposit schedule and tax liability for this quarter. If you are unsure about whether you are a monthly schedule depositor or a semiweekly schedule depositor, see section 11 of Pub. 15. 16 Check one: is return is less than $2,500 or line 12 on the return for the prior quarter was less than $2,500, and cur a $100,000 next-day deposit obligation during the current quarter. If line 12 for the prior quarter wa a. Line you d less th b 00 but line 12 on this return is $100,000 or more, you must provide a record of your federal tax liability. If you a mon edule depositor, complete the deposit schedule below; if you are a semiweekly schedule depositor, attach Sched B (For Go to Part 3. b. You were a monthly schedule depositor for the entire quarter. Enter your tax liability for each month and total liability the quarter, then go to Part 3. Tax liability: Month 1 Month 2 Month 3 Total liability for quarter Total must equal line 12. C. You were a semiweekly schedule depositor for any part of this quarter. Complete Schedule B (Form 941), Report of Liability for Semiweekly Schedule Depositors, and attach it to Form 941. Month 3 Total liability for quarter Total must equal line 12. C. You were a semiweekly schedule depositor for any part of this quarter. Complete Schedule B (Form 941), Report of Ta Liability for Semiweekly Schedule Depositors, and attach it to Form 941. Part 3: Tell us about your business. If a question does NOT apply to your business, leave it blank. 17 If your business has closed or you stopped paying wages. .O Check here, an enter the final date you paid wages 18 If you are a seasonal employer and you don't have to file a return for every quarter of the year. O Check here. Part 4: May we speak with your third-party designee? Do you want to allow an employee, a paid tax preparer, or another person to discuss this return with the IRS? See the instructions fo details. Designee's name and phone number Select a S-digit Personal identification Number (PIN) to use when talking to the IRS. Part 5: Sign here. You MUST complete both pages of Form 941 and SIGN it. Karen Kluster opened Lube and Wash on January 2, 20-. The business is subject to FICA taxes. At the end of the first quarter of 20-, Kluster, as president of the company, must file Form 941, Employer's Quarterly Federal Tax Return. Employer's address: 234 OAK, AUSTIN, TX 78711-0234 Employer's ID number: 00-0005874 Phone number: (512) 555-1111 Date filed: April 30, 20- Each employee is paid semimonthly on the 15th and last day of each month. Shown below is the payroll information for the first quarter of 20-. ll pay periods were the same. PAYROLL INFORMATION FOR JANUARY-MARCH Federal Quarterly OASDI Income Total Employee SSN Wage Tax HI Tax Deductions Net Pay Paul Purson 000-00-7233 $4,515.00 $279.93 $65.47 $371.00 $716.40 $3,798.60 Matt Dirkson 000-00-8451 8,150.00 505.30 118.18 965.00 1,588.48 6,561.52 Joan Howard 000-00-3668 8,415.00 521.73 122.02 1,080.00 1,723.75 6,691.25 Dorrie Smith 000-00-6527 10,050.00 623.10 145.73 1,144.00 1,912.83 8,137.17 Totals $31,130.00 $1,930.06 $451.40 $3,560.00 $5,941.46 $25,188.54 Totals $31,130.00 $1,930.06 $451.40 $3,560.00 $5,941.46 $25,188.54 Employer's FICA taxes $1,930.06 $451.39 for the quarter OASDI HI The total taxes per payday are: Employees' FICA Tax-OASDI $321.68 Employer's FICA Tax-OASDI 321.68 Employees' FICA Tax-HI 75.23 Employer's FICA Tax-HI 75.23 Employees' FIT 593.33 Total $1,387.15 x 6 deposits - $8,322.90 for the quarter None of the employees reported tips during the quarter. Using Form 941 below, prepare the return on the basis of the information shown above. Note: Lines 5a 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 the 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 Use minus sign to indicate a deduction. If line 7 is zero, for grading purposes only, enter a zero. Assume that company deposits taxes on monthly basis Hint: Line 7 instructions. Fill in Form 941 through line 6, and then fill in Part 2, line 16 or Schedule B. Take that information and fill in line 13. Lines 12 and 13 must equal. If the amounts are not the same, correct by entering amount to make equal on line 7. Line 7 differences are caused by how calculations are made on Form 941 and the amounts withheld from employee's earning plus the employer's payroll tax amounts each pay Form 941 for 20--: Employer's QUARTERLY Federal Tax Return (Rev. January 2019) Department of the Treasury-Internal Revenue Seence OMB No. 154 Report for this Quarter of 20- (Select one.) Employer identification number (EIN) Name (not your trade name) KAREN KLUSTER 11 for nforma Trade name (if any) LUBE AND WASH January, February, March Address 234 OAK April, May, June Number Street or room number July, August, September 70711 4524 Ortnher Nmiemher Deremher AIICTIM ead the separate instructions before you complete Form 941. Type or print within the boxes. Part 1: Answer these questions for this quarter. 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), or Dec. 12 (Quarter 4) 2. 2 Wages, tips, and other compensation 3. 3 Federal income tax withheld from wages, tips, and other compensation O Check and go to line 6 4 If no wages, tips, and other compensation are subject to social security or Medicare tax Column 1 Column 2 Sa Taxable social security wages..... x0.124 - 5b Taxable social security tips. x0.124 = 5c Taxable Medicare wages & tips..... x0,029- 5d Taxable wages & tips subject to Additional Medicare Tax withholding x 0.009 - Se 5e Add Column 2 from lines 5a, Sb, 5c, and Sd 5f 5f Section 3121(q) Notice and Demand-Tax due on unreported tips (see instructions) 6. 6. Total taxes before adjustments. Add lines 3, Se, and 5f 7. Current quarter's adjustment for fractions of cents Se Add Column 2 from lines Sa, Sb, Se, and 5d Se 51 Section 3121(g) Notice and Demand-Tax due on unreported tips (see instructions) 6. Total taxes before adjustments. Add lines 3, 5e, and SF 6. Current quarter's adjustment for fractions of cents 7. 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 11 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 applied from Form 941-X, 941-X (PR), 944-X, or 944-X (SP) filed in the current quarter. 13 14 Balance due. If line 12 is more than line 13, enter the difference and see Instructions. 14 15 Overpayment. If line 13 is more than line 12, enter the difference Check one: D Apply to next return. O Send a refune Ne You MUST complete both pages of Form 941 and SIGN it. For Privacy Act and Paperwork Reduction Act Notice, see the back of the Payment Voucher. Cat. No. 17001z Form 941 (Rev. 1- 00-0005874 Part 2: Tell us about your deposit schedule and tax liability for this quarter. If you are unsure about whether you are a monthly schedule depositor or a semiweekly schedule depositor, see section 11 of Pub. 15. 16 Check one: is return is less than $2,500 or line 12 on the return for the prior quarter was less than $2,500, and cur a $100,000 next-day deposit obligation during the current quarter. If line 12 for the prior quarter wa a. Line you d less th b 00 but line 12 on this return is $100,000 or more, you must provide a record of your federal tax liability. If you a mon edule depositor, complete the deposit schedule below; if you are a semiweekly schedule depositor, attach Sched B (For Go to Part 3. b. You were a monthly schedule depositor for the entire quarter. Enter your tax liability for each month and total liability the quarter, then go to Part 3. Tax liability: Month 1 Month 2 Month 3 Total liability for quarter Total must equal line 12. C. You were a semiweekly schedule depositor for any part of this quarter. Complete Schedule B (Form 941), Report of Liability for Semiweekly Schedule Depositors, and attach it to Form 941. Month 3 Total liability for quarter Total must equal line 12. C. You were a semiweekly schedule depositor for any part of this quarter. Complete Schedule B (Form 941), Report of Ta Liability for Semiweekly Schedule Depositors, and attach it to Form 941. Part 3: Tell us about your business. If a question does NOT apply to your business, leave it blank. 17 If your business has closed or you stopped paying wages. .O Check here, an enter the final date you paid wages 18 If you are a seasonal employer and you don't have to file a return for every quarter of the year. O Check here. Part 4: May we speak with your third-party designee? Do you want to allow an employee, a paid tax preparer, or another person to discuss this return with the IRS? See the instructions fo details. Designee's name and phone number Select a S-digit Personal identification Number (PIN) to use when talking to the IRS. Part 5: Sign here. You MUST complete both pages of Form 941 and SIGN it. Karen Kluster opened Lube and Wash on January 2, 20-. The business is subject to FICA taxes. At the end of the first quarter of 20-, Kluster, as president of the company, must file Form 941, Employer's Quarterly Federal Tax Return. Employer's address: 234 OAK, AUSTIN, TX 78711-0234 Employer's ID number: 00-0005874 Phone number: (512) 555-1111 Date filed: April 30, 20- Each employee is paid semimonthly on the 15th and last day of each month. Shown below is the payroll information for the first quarter of 20-. ll pay periods were the same. PAYROLL INFORMATION FOR JANUARY-MARCH Federal Quarterly OASDI Income Total Employee SSN Wage Tax HI Tax Deductions Net Pay Paul Purson 000-00-7233 $4,515.00 $279.93 $65.47 $371.00 $716.40 $3,798.60 Matt Dirkson 000-00-8451 8,150.00 505.30 118.18 965.00 1,588.48 6,561.52 Joan Howard 000-00-3668 8,415.00 521.73 122.02 1,080.00 1,723.75 6,691.25 Dorrie Smith 000-00-6527 10,050.00 623.10 145.73 1,144.00 1,912.83 8,137.17 Totals $31,130.00 $1,930.06 $451.40 $3,560.00 $5,941.46 $25,188.54 Totals $31,130.00 $1,930.06 $451.40 $3,560.00 $5,941.46 $25,188.54 Employer's FICA taxes $1,930.06 $451.39 for the quarter OASDI HI The total taxes per payday are: Employees' FICA Tax-OASDI $321.68 Employer's FICA Tax-OASDI 321.68 Employees' FICA Tax-HI 75.23 Employer's FICA Tax-HI 75.23 Employees' FIT 593.33 Total $1,387.15 x 6 deposits - $8,322.90 for the quarter None of the employees reported tips during the quarter. Using Form 941 below, prepare the return on the basis of the information shown above. Note: Lines 5a 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 the 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 Use minus sign to indicate a deduction. If line 7 is zero, for grading purposes only, enter a zero. Assume that company deposits taxes on monthly basis Hint: Line 7 instructions. Fill in Form 941 through line 6, and then fill in Part 2, line 16 or Schedule B. Take that information and fill in line 13. Lines 12 and 13 must equal. If the amounts are not the same, correct by entering amount to make equal on line 7. Line 7 differences are caused by how calculations are made on Form 941 and the amounts withheld from employee's earning plus the employer's payroll tax amounts each pay Form 941 for 20--: Employer's QUARTERLY Federal Tax Return (Rev. January 2019) Department of the Treasury-Internal Revenue Seence OMB No. 154 Report for this Quarter of 20- (Select one.) Employer identification number (EIN) Name (not your trade name) KAREN KLUSTER 11 for nforma Trade name (if any) LUBE AND WASH January, February, March Address 234 OAK April, May, June Number Street or room number July, August, September 70711 4524 Ortnher Nmiemher Deremher AIICTIM ead the separate instructions before you complete Form 941. Type or print within the boxes. Part 1: Answer these questions for this quarter. 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), or Dec. 12 (Quarter 4) 2. 2 Wages, tips, and other compensation 3. 3 Federal income tax withheld from wages, tips, and other compensation O Check and go to line 6 4 If no wages, tips, and other compensation are subject to social security or Medicare tax Column 1 Column 2 Sa Taxable social security wages..... x0.124 - 5b Taxable social security tips. x0.124 = 5c Taxable Medicare wages & tips..... x0,029- 5d Taxable wages & tips subject to Additional Medicare Tax withholding x 0.009 - Se 5e Add Column 2 from lines 5a, Sb, 5c, and Sd 5f 5f Section 3121(q) Notice and Demand-Tax due on unreported tips (see instructions) 6. 6. Total taxes before adjustments. Add lines 3, Se, and 5f 7. Current quarter's adjustment for fractions of cents Se Add Column 2 from lines Sa, Sb, Se, and 5d Se 51 Section 3121(g) Notice and Demand-Tax due on unreported tips (see instructions) 6. Total taxes before adjustments. Add lines 3, 5e, and SF 6. Current quarter's adjustment for fractions of cents 7. 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 11 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 applied from Form 941-X, 941-X (PR), 944-X, or 944-X (SP) filed in the current quarter. 13 14 Balance due. If line 12 is more than line 13, enter the difference and see Instructions. 14 15 Overpayment. If line 13 is more than line 12, enter the difference Check one: D Apply to next return. O Send a refune Ne You MUST complete both pages of Form 941 and SIGN it. For Privacy Act and Paperwork Reduction Act Notice, see the back of the Payment Voucher. Cat. No. 17001z Form 941 (Rev. 1- 00-0005874 Part 2: Tell us about your deposit schedule and tax liability for this quarter. If you are unsure about whether you are a monthly schedule depositor or a semiweekly schedule depositor, see section 11 of Pub. 15. 16 Check one: is return is less than $2,500 or line 12 on the return for the prior quarter was less than $2,500, and cur a $100,000 next-day deposit obligation during the current quarter. If line 12 for the prior quarter wa a. Line you d less th b 00 but line 12 on this return is $100,000 or more, you must provide a record of your federal tax liability. If you a mon edule depositor, complete the deposit schedule below; if you are a semiweekly schedule depositor, attach Sched B (For Go to Part 3. b. You were a monthly schedule depositor for the entire quarter. Enter your tax liability for each month and total liability the quarter, then go to Part 3. Tax liability: Month 1 Month 2 Month 3 Total liability for quarter Total must equal line 12. C. You were a semiweekly schedule depositor for any part of this quarter. Complete Schedule B (Form 941), Report of Liability for Semiweekly Schedule Depositors, and attach it to Form 941. Month 3 Total liability for quarter Total must equal line 12. C. You were a semiweekly schedule depositor for any part of this quarter. Complete Schedule B (Form 941), Report of Ta Liability for Semiweekly Schedule Depositors, and attach it to Form 941. Part 3: Tell us about your business. If a question does NOT apply to your business, leave it blank. 17 If your business has closed or you stopped paying wages. .O Check here, an enter the final date you paid wages 18 If you are a seasonal employer and you don't have to file a return for every quarter of the year. O Check here. Part 4: May we speak with your third-party designee? Do you want to allow an employee, a paid tax preparer, or another person to discuss this return with the IRS? See the instructions fo details. Designee's name and phone number Select a S-digit Personal identification Number (PIN) to use when talking to the IRS. Part 5: Sign here. You MUST complete both pages of Form 941 and SIGN it.