Anybody willing to help me on this? Questions are on pages 3 and 4. I need someone who can calculate including the FUTA and SUTA. Thanks!

Ellipses Corp One Month Project Ellipses Corp is a small business that operates in Herndon, VA. The company is located at10 Period Lane, Herndon, VA 20170. Its federal Employer Identification Number is 77-7777777, and its president, who signs all tax forms, is John Parker (telephone #571-555-0073). The company does not wish to name a 3d party designee on forms. During 2016 four individuals are employed by Ellipses Corp. These employees are as follows. Name Address Social Federal State W/H Marital Status Security # W/H Allowances Allowances Parker 85 Southern Road 111-11-1111 2 2 Married Cranston Herndon, VA 20170 Allison 203A Pine Court 777-77-7777 4 3 Married Harrison Herndon, VA 20170 John Parker 212 Tradition Lane 444-44-4444 1 Single Herndon, VA 20170 Pierre 41 Seward Boulevard 333-33-3333 2 2 Married Sternberg Herndon, VA 20170 Note that Pierre Sternberg was hired in November, and his first day of work was Monday, November 28. Additionally, due to an economic downturn, Allison Harrison was laid off in mid-December, with her last day of work on Friday, December 16. All employees of Ellipses Corp. work a regular 40-hour week, receive overtime pay at a rate of 1.5 times the regular wage rate, and are paid weekly on Friday for the current week (which runs from Saturday through Friday, although employees never work on weekends). The SUTA tax rate applicable to Ellipses Corp. is 3.1%, while the SUTA wage base in Virginia is $8,000. Earnings and voluntary deduction information for each of the four employees is as follows. Name Regular Wage Annual Salary Weekly 401 (k) Weekly Rate Deduction Charitable Contribution Parker Cranston $15/hour na 6% of gross pay $5 Allison Harrison $23/hour na 5% of gross pay $5 John Parker n/a $203,000.20 na $20 Pierre Sternberg na $112,000.20 1% of gross pay naThe first 1 1 months of the year have passed, and all payroll-related activity has been properly accounted for as of 11/30/16. Payroll data for each of the four employees for the first three quarters of the year, as well as for the months of October and November is as follows. Parker Cranston Period Gross Federal State Social Medicare 401 (k) Charitable Earning Income Income Security Tax Deduction Contribution Tax Tax Tax 1 st Qtr $7,800.00 $312.00 $366.60 $483.60 $113.10 $468.00 $65.00 2nd Qtr $7,800.00 $312.00 $366.60 $483.60 $113.10 $468.00 $65.00 3 rd Qtr $7,800.00 $312.00 $366.60 $483.60 $113.10 $468.00 $65.00 October $3,000.00 $120.00 $141.00 $186.00 $43.50 $180.00 $25.00 November $2,400.00 $96.00 $112.80 $148.80 $34.80 $144.00 $20.00 Allison Harrison Period Gross Federal State Social Medicare 401 (k) Charitable Earning Income Income Security Tax Deduction Contribution Tax Tax Tax 1 st Qtr $11,960.00 $546.00 $568.10 $741.42 $173.42 $598.00 $65.00 2nd Qtr $11,960.00 $546.00 $568.10 $741.42 $173.42 $598.00 $65.00 3 rd Qtr $11,960.00 $546.00 $568.10 $741.42 $173.42 $598.00 $65.00 October $4,600.00 $210.00 $218.50 $285.20 $66.70 $230.00 $25.00 November $3,680.00 $168.00 $174.80 $228.16 $53.36 $184.00 $20.00 John Parker Period Gross Federal State Social Medicare 401 (k) Charitable Earning Income Income Security Tax Deduction Contribution Tax Tax Tax 1 st Qtr $50,750.05 $12,1 10.54 $2,537.47 $3,146.52 $735.93 $0 $260.00 2nd Qtr $50,750.05 $12,110.54 $2,537.47 $3,146.52 $735.93 $0 $260.00 3rd Qtr $50,750.05 $12,110.54 $2,537.47 $3,146.52 $735.93 $0 $260.00 October $19,519.25 $4,657.90 $975.95 $0 $283.05 $0 $100.00 November $15,615.40 |$3,726.32 $780.76 $226.44 $80.00 Pierre Sternberg Period Gross Federal State Social Medicare 401 (k) Charitable Earning Income Income Security Tax Deduction Contribution Tax Tax Tax 1 st Qtr SO SO SO $0 and Qtr SO $0 $0 3rd Qtr $0 $0 $0 $0 $0 $0 October $0 $0 $0 $0 November $2,153.85 $290.38 $106.62 $133.54 $31.23 $21.54 $0Note that all tax payments and lings are made on the due date. Based on the data provided here, you will complete the following: 1. Establish an employee earnings record for each of the company's four employees. Complete the top portion of each record. Establish and complete the payroll register for each weekly pay period during December. When calculating federal income tax withholding, use the Withholding tables where possible, and refer to the percentage method only when necessary. Note that as of December 3, Park Cranston requests that his federal withholding allowances increase from two to three (Ellipses Corp. makes this change). Additionally, for simplicity, calculate the state income tax withholding as 5% of each employee's taxable pay (which is the same as taxable pay for FWT). Recall that state income tax withholding would ordinarily be calculated using the applicable state's withholding tables. Payroll checks are remitted to the employees in the same order (Cranston, Harrison, Parker, Sternberg) each pay period and are written from a bank account that is used solely for these payments. The rst payroll check written in December is check #762. Note that all charitable contributions are deemed to be made on the nal day of each pay period. The following information will be required for the completion of these records for the two employee who are compensated Via an hourly wage. Weekly Hours Worked Weekly Start Date Parker Cranston ' Allison Harrison December 3 40 i 37 December 10 38 i 41 December 17 43.5 0 December 24 40 O WARNING! The above dates are weekly start dates. Refer to a calendar to determine the weekly end dates and associated pay dates. Keep in mind that tax liability and payment amounts are determined based on the weekly pay dates. 3. Complete the employee earnings records for December for each of the four employees. Record the necessary journal entries for each pay period. Complete Form 941 for the 4'h quarter. Note that based on the lookback period, the company is a monthly depositor. Assume that all necessary deposits were made on a timely basis and that the employer made deposits equal to the total amount owed for the quarter. Although Virginia quarterly state payroll forms are also led by Ellipses Corp., you will not complete these. Record the necessary journal entries associated with Form 941 (including those required for any tax payments made). NOTE: Recall from the form 941 Rounding Considerations section that quarter and year-end tax figures should not be calculated based on the total taxable earnings for the respective quarter or year instead to avoid rounding discrepancies, these tax figures should be determined for each employee by adding the individual taxes across each pay period. 5. Complete Form 940 for Ellipses Corp. Note that FUTA payments are made only when required (i.e. if the employer is permitted to postpone the payment of these taxes, it will do so until a point in time when payment must be remitted). Record the necessary journal entry associated with Form 940. 6. Calculate the total SUTA tax owed by the employer. Although Ellipses Corp. will file state forms in which this figure is reported, you are required to calculate only the total amount owed for the year. 7. Complete Copy A of form W-2 for each of the four employees. State wages were the same as federal wages for each of the four employees, and the state identification number for Ellipses Corp. is the same as its federal Employer Identification Number. 8. Complete Form W-3 for Ellipses Corp. Note that the company files the paper version of the form and selects "None apply" in the Kind of Employer section.EMPLOYEE EARNINGS RECORD Employee Parker Cranston Address: 85 Southern Road Herndon VA 20170 $15.00 Pay Rate per Pay Period Ending Gross Earnings Cumulative Earnings Social Security 111-11-1111 Status: Married State w/h Allowa 2 Federal Income Tax State income taxes Social Security Tax Medicare Tax 401 Deduction 31-Mar 7,800.00 7,800.00 312.00 366.00 483.60 113.10 468.00 31-june 7,800.00 15,600.00 312.00 366.00 483.60 113.10 468.00 Sep-17 7,800.00 23,400.00 312.00 366.00 483.60 113.10 468.00 31-Oct 3,000.00 26,400.00 120.00 141.00 186.00 43.50 180.00 30-Nov 2,400.00 28,800.00 96.00 112.80 148.80 34.80 144.00 28,800.00 102,000.00 1,152.00 1,351.80 1,785.60 417.60 1,728.00 EMPLOYEE EARNINGS RECORD Employee Allison Harrison Address: 203 A Pine court Herndon ,Va 20170 $23.00 Pay Rate per Pay Period Ending Gross Earnings Social Security #777-77-7777 Status: Married State w/h Allowa 3 Cumulative Earnings Federal Income Tax State income taxes Social Security Tax Medicare Tax 401 Deduction 31-Mar 11,960.00 11,960.00 546.00 568.10 741.42 173.20 598.00 31-june 11,960.00 23,920.00 546.00 568.10 741.42 173.20 598.00 Sep-17 11,960.00 35,880.00 546.00 568.10 741.42 173.20 598.00 31-Oct 4,600.00 40,480.00 210.00 218.50 285.20 66.70 230.00 30-Nov 3,680.00 44,160.00 168.00 174.80 228.16 53.60 184.00 44,160.00 156,400.00 2,016.00 2,097.60 2,737.62 639.90 2,208.00 EMPLOYEE EARNINGS RECORD Employee John Parker Address: 212Tradition Lane Herndon ,Va 20170 Pay Rate pern/a Pay Period Ending Gross Earnings Social Security #444-44-4444 Status: Single State w/h Allowa 1 Cumulative Earnings Federal Income Tax State income taxes Social Security Tax Medicare Tax 401 Deduction 31-Mar 50,750.05 50,750.05 12,110.54 2,537.47 3,146.52 735.93 - 31-june 50,750.05 50,750.05 12,110.54 2,537.47 3,146.52 735.93 - Sep-17 50,750.05 50,750.05 12,110.54 2,537.47 3,146.52 735.93 - 31-Oct 19,519.25 70,269.30 4,657.90 975.95 - 283.05 - 30-Nov 15,615.40 85,884.70 3,726.32 780.76 - 226.44 - 187,384.80 308,404.15 2,717.28 - 44,715.84 9,369.12 9,439.56 EMPLOYEE EARNINGS RECORD Employee Pierre Sternberg Address: 41 stewad Boulevard Herndon ,Va 20170 Pay Rate perna Pay Period Ending Gross Earnings Social Security #333-33-3333 Status: Married State w/h Allowa 2 Cumulative Earnings Federal Income Tax State income taxes Social Security Tax 401 Deduction Medicare Tax 31-Mar - - - ### - - - 31-june - - - ### - - - Sep-17 - - - ### - - - 31-Oct - - - ### - - - 30-Nov 2,153.85 2,153.85 290.38 106.62 133.54 31.23 21.54 2,153.85 2,153.85 290.38 106.62 133.54 31.23 22 RD 111-11-1111 charitable contribution Total deductions Net Pay 65.00 1,807.70 5,992.30 65.00 1,807.70 5,992.30 65.00 1,807.70 5,992.30 25.00 695.50 2,304.50 20.00 556.40 1,843.60 240.00 6,675.00 22,125.00 RD 777-77-7777 charitable contribution Total deductions Net Pay 65.00 2,691.72 9,268.28 65.00 2,691.72 9,268.28 65.00 2,691.72 9,268.28 25.00 1,035.40 3,564.60 20.00 828.56 2,851.44 240.00 9,939.12 34,220.88 RD 444-44-4444 charitable contribution Total deductions Net Pay 260.00 18,790.46 31,959.59 260.00 18,790.46 31,959.59 260.00 18,790.46 31,959.59 100.00 6,016.90 13,502.35 80.00 4,813.52 10,801.88 960.00 67,201.80 120,183.00 RD 333-33-3333 charitable contribution Total deductions Net Pay - - - - - - - - - - - - - 583.31 1,570.54 - 583.31 1,570.54 EMPLOYEE EARNINGS RECORD Employee Name: Parker Cranston Address: 85 Southern Road Herndon VA 20170 $15.00 Pay Rate per hour: Date Regular 9-Dec 16-Dec 23-Dec 30-Dec Overtime 600.00 570.00 600.00 600.00 Gross 78.75 - Federal Inc State inco 600.00 570.00 678.75 600.00 10.00 10.00 13.00 10.00 30.00 28.50 33.94 30.00 EMPLOYEE EARNINGS RECORD Employee Name: Allison Harrison Address: 203 A Pine court Herndon ,Va 20170 $23.00 Pay Rate per hour: Date Regular Overtime Gross Federal Inc State inco 9-Dec 851.00 851.00 16.00 42.55 16-Dec 480.00 34.50 514.50 7.00 25.73 23-Dec ### 30-Dec ### - EMPLOYEE EARNINGS RECORD Employee Name: John Parker Address: 212Tradition Lane Herndon ,Va 20170 Pay Rate per hour: Date n/a Regular Overtime Gross Federal Inc State inco 9-Dec 3,903.85 3,903.85 423 195.19 16-Dec 3,903.85 3,903.85 424 195.19 23-Dec 3,903.85 3,903.85 424 195.19 30-Dec 3,903.85 3,903.85 424 195.19 EMPLOYEE EARNINGS RECORD Employee Name: Pierre Sternberg Address: 41 stewad Boulevard Herndon ,Va 20170 Pay Rate per hour: Date na Regular Overtime Gross Federal Inc State inco 9-Dec 2,153.85 2,153.85 290 106.62 16-Dec 2,153.85 2,153.85 290 106.62 23-Dec 2,153.85 2,153.85 290 106.62 30-Dec 2,153.85 2,153.85 290 106.62 PERCENTAGE METHOD WITHHOLDING METHOD-WEEKLY SINGLE If wages are over but not over 102 - of amount over 102 1,548 0+3.55% 102 1,548 3,623 51.33+6.8% 1,548 3,623 7,460 192.43+7.8% 3,623 7,460 16,115 491.72+8.80% 7,460 16,115 - 1253.36+8.95 16,115 If wages are over 154 1356 3111 4654 8180 GS RECORD Social Security 111-11-1111 Status: Married State w/h Allowances: 3 Federal w/h Allowanc 2 Social Security Tax Medicare Tax 401 Deduction 37.20 35.34 42.08 37.20 8.70 8.27 9.84 8.70 36.00 34.20 40.73 36.00 charitable contTotal deductio Net Pay 5.00 5.00 5.00 5.00 126.90 121.31 144.59 126.90 473.10 448.70 534.16 473.10 GS RECORD Social Security #: 777-77-7777 Status: Married State w/h Allowances: 3 Federal w/h Allowanc 3 Social Security Tax Medicare Tax 401 Deduction charitable contTotal deductio Net Pay 52.76 12.34 42.55 5.00 171.20 679.80 31.90 7.46 25.73 5.00 102.81 411.69 - EE EARNINGS RECORD Social Security #: 444-44-4444 Status: Single State w/h Allowances: 1 Federal w/h Allowanc 1 Social Security Tax Medicare Tax 401 Deduction charitable contTotal deductio Net Pay 242.04 56.61 20.00 936.38 2,967.47 242.04 56.61 20.00 937.38 2,966.47 242.04 56.61 20.00 937.38 2,966.47 242.04 56.61 20.00 937.38 2,966.47 EE EARNINGS RECORD Social Security #: 333-33-3333 Status: Married State w/h Allowances: 2 Federal w/h Allowanc 2 Social Security Tax Medicare Tax 401 Deduction charitable contTotal deductio Net Pay 133.54 31.23 21.54 583.31 1,570.54 133.54 31.23 21.54 583.31 1,570.54 133.54 31.23 21.54 583.31 1,570.54 133.54 31.23 21.54 583.31 1,570.54 MARRIED If wages are but not over 154 - of amount 1356 0+3.55% 3111 42.67+6.8% 4654 162.01+7.8% 8180 282.36+8.8% 592.65+8.95% JOHN PARKER TAXABLE INCOME Federal withholding tax over 154 1356 3111 4654 8180 3,827 42.671 162.01 217.858 422.539 154 1,999.85 42.671 43.7818 42.67 129.1228 http://www.halfpricesoft.com/federal_income_tax_2015.asp 9/12/2017 Name Gross Earnings 600.00 851.00 3,903.85 2,153.85 Parker Cranston Allison Harrison John Parker Pierre Sternberg TOTALS 7,508.70 Federal Income Tax 10.00 16.00 424 290 740.38 Social Security Tax 37.20 52.76 242.04 133.54 465.54 State income taxes 30.00 42.55 195.19 107.69 8.70 12.34 56.61 31.23 36.00 42.55 21.54 5.00 20.00 - 375.44 108.88 100.09 30.00 16/12/2017 Gross Earnings Parker Cranston Allison Harrison John Parker Pierre Sternberg TOTALS Federal Income Tax Social Security Tax State income taxes Medicare 401 Charitable Tax Deduction deductions 570.00 514.50 3,903.85 2,153.85 10.00 7.00 424 290 35.34 31.90 242.04 133.54 28.50 25.73 195.19 107.69 8.27 7.46 56.61 31.23 34.20 25.73 21.54 5.00 20.00 - 7,142.20 730.92 442.82 357.11 103.56 81.46 30.00 12/23/2017 5.00 Deductions Name Gross Earnings Parker Cranston ALLISON HARRI John Parker Pierre Sternberg TOTALS Federal Income Tax Social Security Tax State income taxes Medicare 401 Charitable Tax Deduction deductions 678.75 3,903.85 2,153.85 13.00 ### 424 290 42.08 242.04 133.54 33.94 195.19 107.69 9.84 56.61 31.23 40.73 21.54 20.00 - 6,736.45 726.92 417.66 336.82 97.68 62.26 25.00 12/30/2017 5.00 - Deductions Name Gross Earnings Parker Cranston ALLISON HARRI Pierre Sternberg TOTALS 5.00 Deductions Name John Parker Deductions Medicare 401 Charitable Tax Deduction deductions Federal Income Tax Social Security Tax State income taxes Medicare 401 Charitable Tax Deduction deductions 600.00 3,903.85 2,153.85 13.00 ### 424 290 37.20 242.04 133.54 0.81 26.26 18.00 8.70 56.61 31.23 36.00 21.54 20.00 - 6,657.70 726.92 412.78 45.07 96.54 57.54 25.00 5.00 - Total Deduction Net Pay s 126.90 473.10 Account Debited Check No. Wages payable 762 473.10 679.80 763 679.80 937.84 2,966.01 764 2,966.01 584.38 1,569.47 1,820.32 5,688.38 765 1,569.47 5,688.38 171.20 Account Debited Total Deduction Net Pay s Check No. Wages payable 121.31 448.70 766 448.70 102.81 411.69 767 411.69 937.38 2,966.47 768 2,966.47 584.38 1,569.47 769 1,569.47 5,396.33 1,745.87 5,396.33 Account Debited Total Deduction Net Pay s 144.59 - 534.16 Check No. Wages payable 770 534.16 771 957.38 772 1,569.47 3,061.01 - 20.00 957.38 584.38 1,569.47 748.97 3,061.01 Account Debited Total Deduction Net Pay s 100.71 - 499.29 Check No. Wages payable 773 499.29 774 788.44 775 1,659.16 2,946.90 - 20.00 788.44 494.69 1,659.16 615.40 2,946.90 4TH QUARTER COMPUTATIONS 12/30/2017 Deductions Name Gross Earning Parker Cranston OCT NOV DEC Federal Social Income Tax Security Tax 120 96 46 186 148.8 151.82 262 486.6225 4,600.00 3,680.00 1,365.50 9,645.50 210.00 168.00 23.00 401.00 285.20 228.16 84.66 598.02 19,519.25 15,615.40 15,615.40 50,750.05 4,657.90 3,726.32 1,694.62 10,078.84 DEC 2,153.85 8,615 290 1,161.52 TOTALS 10,769.25 1,451.90 3000 2400 2,448.75 7848.75 State income taxes 141 112 93.24 Medicare Tax 43.5 34.8 35.51 346.2435 113.8069 Allison Harrison OCT NOV DEC 218.50 174.80 68.28 461.58 66.70 53.36 19.80 139.86 975.95 780.76 611.84 2,368.55 283.95 226.44 226.42 736.81 133.54 534.15 106.62 341.08 ### 21.54 124.92 667.69 447.70 146.46 John Parker OCT NOV DEC - Pierre Sternberg OCT NOV Social taxes Medical taxes State tax Federal tax Total taxes 3,504.68 2,273.89 3,624.07 12,193.74 21,596.37 PARKER CRANSTON JOHN PARKER Total gross wages 1st quarter 2nd quarteR 3rd quarter 4th quarter SUTA FUTA ALLISON HARRISON 1st quarter 2nd quarteR 3rd quarter 4th quarter SUTA FUTA 7,800 7,800 7,800 7,849 31,249 248 420 11,960 11,960 11,960 9,646 45,526 248 420 TOTAL PAYMENTS TO AL PAYMENTS IN EXCES OF TOTAL SUTA TOTAL FUTA 1st quarter 2nd quarteR 3rd quarter 4th quarter SUTA FUTA PIERRE STERNBERG 1st quarter 2nd quarteR 3rd quarter 4th quarter SUTA FUTA 290,544 262,544 992 1,680 50,750 50,750 50,750 50,750 203,000 248 420 10,769 10,769 248 420 91,000 199,544 FUTA BY QUARTER 1st quarter 2nd quarteR 3rd quarter 4th quarter 1260 1260 1260 1680 5460 91000 Apply to next return. Form 940 for 2016: Employer's Annual Federal Unemployment (FUTA) Tax Return 850113 Department of the Treasury Internal Revenue Service OMB No. 1545-0028 Employer identification number 7 7 (EIN) Name (not your trade name) 7 7 7 7 7 7 7 (Check all that apply.) EL LIP SE S CO RP a. Amended b. Successor employer c. No payments to employees in 2016 d. Final: Business closed or stopped paying wages Instructions and prior-year forms are available at www.irs.gov/form940. Trade name (if any) Address VA 20170 Number Street Suite or room number HERNDON City Foreign country name Type of Return State Foreign province/county ZIP code Foreign postal code Read the separate instructions before you complete this form. Please type or print within the boxes. Part 1: Tell us about your return. If any line does NOT apply, leave it blank. See instructions before completing Part 1. 1a If you had to pay state unemployment tax in one state only, enter the state abbreviation . 1b If you had to pay state unemployment tax in more than one state, you are a multi-state employer . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 If you paid wages in a state that is subject to CREDIT REDUCTION . . . . . . . . 1a Check here. 1b 2 Complete Schedule A (Form 940). Check here. Complete Schedule A (Form 940). Part 2: Determine your FUTA tax before adjustments. If any line does NOT apply, leave it blank. 3 Total payments to all employees . . . . . . . . . 4 Payments exempt from FUTA tax . . . . . . . . . . . . . . . . . 4 00.00 . 3 290,984.00 . 5 6 Check all that apply: 4a Fringe benefits 4b Group-term life insurance Total of payments made to each employee in excess of $7,000 . . . . . . . . . . . . . . . . Subtotal (line 4 + line 5 = line 6) . . . . . . . . . 4c 4d 5 . Retirement/Pension Dependent care 262,984 4e Other . . . . . . . . . . . 6 262,984 . 7 Total taxable FUTA wages (line 3 - line 6 = line 7). See instructions . . . . . . . . . 7 8 FUTA tax before adjustments (line 7 x 0.006 = line 8) . . . . . . . . . . . . . 8 . 28000 . 1680 Part 3: Determine your adjustments. If any line does NOT apply, leave it blank. 9 If ALL of the taxable FUTA wages you paid were excluded from state unemployment tax, multiply line 7 by 0.054 (line 7 0.054 = line 9). Go to line 12 . . . . . . . . . . 9 10 If SOME of the taxable FUTA wages you paid were excluded from state unemployment tax, OR you paid ANY state unemployment tax late (after the due date for filing Form 940), complete the worksheet in the instructions. Enter the amount from line 7 of the worksheet . . 10 11 If credit reduction applies, enter the total from Schedule A (Form 940) . . . . . . . 11 . . . Part 4: Determine your FUTA tax and balance due or overpayment. If any line does NOT apply, leave it blank. 12 12 13 14 Total FUTA tax after adjustments (lines 8 + 9 + 10 + 11 = line 12) . . . . 13 from a prior year FUTA tax deposited for the year, including any overpayment applied Balance due. If line 12 is more than line 13, enter the excess on line 14. If line 14 is more than $500, you must deposit your tax. If line 14 is $500 or less, you may pay with this return. See instructions . . . . . . . 14 15 . . . Overpayment. If line 13 is more than line 12, enter the excess on line 15 and check a box below You MUST complete both pages of this form and SIGN it. 15 For Privacy Act and Paperwork Reduction Act Notice, see the back of Form 940-V, Payment Voucher. . Send a refund. N e xt Cat. No. 11234O 940 (2016) Form 850212 Name (not your trade name) Part 5: Employer identification number (EIN) Report your FUTA tax liability by quarter only if line 12 is more than $500. If not, go to Part 6. 16 Report the amount of your FUTA tax liability for each quarter; do NOT enter the amount you deposited. If you had no liability for a quarter, leave the line blank. 17 16a 1st quarter (January 1 - March 31) . . . . . . . . . 16a 16b 2nd quarter (April 1 - June 30) . . . . . . . . . . 16b 16c 3rd quarter (July 1 - September 30) . . . . . . . . 16c 16d 4th quarter (October 1 - December 31) . . . . . . . 16d Total tax liability for the year (lines 16a + 16b + 16c + 16d = line 17) 17 .1260 .00 .00 .420 . Total must equal line 12. Part 6: 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 for details. Yes. Designee's name and phone number 571-555-00073 Select a 5-digit Personal Identification Number (PIN) to use when talking to IRS 3 4 4 4 4 No. Part 7: Sign here. You MUST complete both pages of this form and SIGN it. Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete, and that no part of any payment made to a state unemployment fund claimed as a credit was, or is to be, deducted from the payments made to employees. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Print your PARKR CRANSTON Sign your name here Date name here Print your title here / Best daytime phone / Paid Preparer Use Only Check if you are self-employed Preparer's name PTIN Preparer's signature Date Firm's name (or yours if self-employed) EIN Address Phone City Page 2 State / / ZIP code Form 940 (2016) Form 940-V, Payment Voucher Purpose of Form Specific Instructions Complete Form 940-V if you're making a payment with Form 940. We will use the completed voucher to credit your payment more promptly and accurately, and to improve our service to you. Box 1Employer Identification Number (EIN). If you don't have an EIN, you may apply for one online. Go to IRS.gov and type \"EIN\" in the search box. You may also apply for an EIN by faxing or mailing Form SS-4 to the IRS. If you haven't received your EIN by the due date of Form 940, write \"Applied For\" and the date you applied in this entry space. Box 2Amount paid. Enter the amount paid with Form 940. Box 3Name and address. Enter your name and address as shown on Form 940. Enclose your check or money order made payable to \"United States Treasury.\" Be sure to enter your EIN, \"Form 940,\" and \"2016\" on your check or money order. Don't send cash. Don't staple Form 940-V or your payment to Form 940 (or to each other). Detach Form 940-V and send it with your payment and Form 940 to the address provided in the Instructions for Form 940. Note: You must also complete the entity information above Part 1 on Form 940. Making Payments With Form 940 To avoid a penalty, make your payment with your 2016 Form 940 only if your FUTA tax for the fourth quarter (plus any undeposited amounts from earlier quarters) is $500 or less. If your total FUTA tax after adjustments (Form 940, line 12) is more than $500, you must make deposits by electronic funds transfer. See When Must You Deposit Your FUTA Tax? in the Instructions for Form 940. Also see sections 11 and 14 of Pub. 15 for more information about deposits. ! Use Form 940-V when making any payment with Form 940. However, if you pay an amount with Form 940 that should've been deposited, you CAUTION may be subject to a penalty. See Deposit Penalties in section 11 of Pub. 15. Detach Here and Mail With Your Payment and Form 940. Form l 940-V Department of the Treasury Internal Revenue Service 1 Enter your employer identification number (EIN). Payment Voucher Don't staple or attach this voucher to your payment. n 2 Enter the amount of yourapayment. Make your check or money order payable to m 3 E e n t e i r f y s o o u l r e b p u r s o i p n r e i s e s t n a m e ( i n d i v i d u a or). Enter your address. Enter your city, state, and ZIP code or your city, foreign country name, foreign province/county, and foreign postal code. Form 940 (2016) Privacy Act and Paperwork Reduction Act Notice. We ask for the information on this form to carry out the Internal Revenue laws of the United States. We need it to figure and collect the right amount of tax. Chapter 23, Federal Unemployment Tax Act, of Subtitle C, Employment Taxes, of the Internal Revenue Code imposes a tax on employers with respect to employees. This form is used to determine the amount of the tax that you owe. Section 6011 requires you to provide the requested information if you are liable for FUTA tax under section 3301. Section 6109 requires you to provide your identification number. If you fail to provide this information in a timely manner or provide a false or fraudulent form, you may be subject to penalties. You aren't required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form displays a valid OMB control number. Books and records relating to a form or instructions must be retained as long as their contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return information are confidential, as required by section 6103. However, section 6103 allows or requires the IRS to disclose or give the information shown on your tax return to others as described in the Code. For example, we may disclose your tax information to the Department of Justice for civil and criminal litigation, and to cities, states, the District of Columbia, and U.S. commonwealths and possessions to administer their tax laws. We may also disclose this information to other countries under a tax treaty, to federal and state agencies to enforce federal nontax criminal laws, or to federal law enforcement and intelligence agencies to combat terrorism. The time needed to complete and file this form will vary depending on individual circumstances. The estimated average time is: Recordkeeping . . . . . . . . . . Learning about the law or the form Preparing, copying, assembling, and sending the form to the IRS If you have comments concerning the accuracy of these time estimates or suggestions for making Form 940 simpler, we would be happy to hear from you. You can send us comments from www.irs.gov/formspubs. Click on More Information and then click on Give us feedback. Or you can send your comments to Internal Revenue Service, Tax Forms and Publications Division, 1111 Constitution Ave. NW, IR-6526, Washington, DC 20224. Don't send Form 940 to this address. Instead, see Where Do You File? in the Instructions for Form 940. Form 941 for 2016: (Rev. January 2016) Employer identification number (EIN) Employer's QUARTERLY Federal Tax Return 950114 Department of the Treasury Internal Revenue Service 7 7 7 7 7 7 7 OMB No. 1545-0029 7 Report for this Quarter of 2016 7 (Check one.) 1: January, February, March 2: April, May, June Name (not your trade name) 3: July, August, September ELLIPSES 4: October, November, December Trade name (if any) Address Instructions and prior year forms are available at www.irs.gov/form941. VA 20170 Number Street Suite or room number HERNDO N City Foreign country name State Foreign province/county ZIP code Foreign postal code Read 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) 1 4 2 Wages, tips, and other compensation . . . . . . . . . . . . . . . . . 2 79,453 . 3 Federal income tax withheld from wages, tips, and other compensation . . . . . . 3 18,126 . 4 If no wages, tips, and other compensation are subject to social security or Medicare tax 1 Check and go to line 6. Column 2 . 28703 5a Taxable social security wages . . 5b Taxable social security tips . . . . 5c Taxable Medicare wages & tips. . . 5d Taxable wages & tips subject to Additional Medicare Tax withholding . 3559 .124 = . . . .124 = .029 = .009 = . 3559 5e Add Column 2 from lines 5a, 5b, 5c, and 5d . . . . . . . . . . . . . . . 5e 5f Section 3121(q) Notice and DemandTax due on unreported tips (see instructions) . . 5f 6 Total taxes before adjustments. Add lines 3, 5e, and 5f . . . . . . . . . . . . 6 21,685 . 7 Current quarter's adjustment for fractions of cents . . . . . . . . . . . . . 7 00 . 8 Current quarter's adjustment for sick pay . . . . . . . . . . . . . . . . 8 00 . 9 Current quarter's adjustments for tips and group-term life insurance . . . . . . . 9 00 . 10 Total taxes after adjustments. Combine lines 6 through 9 . . . . . . . . . . . 10 21,685 . 11 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 . . . . 21,685 . . . . . . . . . . . . . . . . . . . 11 12 Balance due. If line 10 is more than line 11, enter the difference and see instructions . . . 12 . 13 Overpayment. If line 11 is more than lin You MUST complete both pages of Form 941 and SIGN it. . . Apply to next return. Send a refund. Next For Privacy Act and Paperwork Reduction Act Notice, see the back of the Payment Voucher. Cat. No. 17001Z Form 941 (Rev. 1-2016) 950214 Name (not your trade name) Part 2: Employer identification number (EIN) 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. 14 Check one: Line 10 on this return is less than $2,500 or line 10 on the return for the prior quarter was less than $2,500, and you did not incur a $100,000 next-day deposit obligation during the current quarter. If line 10 for the prior quarter was less than $2,500 but line 10 on this return is $100,000 or more, you must provide a record of your federal tax liability. If you are a monthly schedule depositor, complete the deposit schedule below; if you are a semiweekly schedule depositor, attach Schedule B (Form 941). Go to Part 3. You were a monthly schedule depositor for the entire quarter. Enter your tax liability for each month and total liability for the quarter, then go to Part 3. 8054. Tax liability: Month 1 . Month 2 7148 . Month 3 6483 . 21,685 Total liability for quarter Total must equal line 10. You were a semiweekly schedule depositor for any part of this quarter. Complete Schedule B (Form 941), Report of Tax 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. 15 If your business has closed or you stopped paying wages . . . . . . . . . . . . . . . enter the final date you paid wages / / Check here, and . 16 If you are a seasonal employer and you do not have to file a return for every quarter of the year . . Part 4: Check here. 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 for details. Yes. Designee's name and phone number Select a 5-digit Personal Identification Number (PIN) to use when talking to the IRS. No. Part 5: Sign here. You MUST complete both pages of Form 941 and SIGN it. Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Print your Sign your name here Date HER OMJ IHH / name here Print your title here / Best daytime phone Paid Preparer Use Only Check if you are self-employed . . . Preparer's name PTIN Preparer's signature Date Firm's name (or yours if self-employed) EIN Address Phone City State ZIP code / / Page 2 Form 941 (Rev. 1-2016) Form 941-V, Payment Voucher Purpos e of Form Comple te Form 941-V if you are making a paymen t with Form 941. We will use the complet ed voucher to credit your paymen t more promptl y and accurat ely, and to improve our service to you. Making Payme nts With Form 941 To avoid a penalt y, make your paym ent with Form 941 only if: Y o u r t o t a l t a x e s a ft e r a d j u s t m e n t s f o r e it h e r t h e c u r r e n t q u a r t e r o r t h e p r e c e d i n g q u a r t e r ( F o r m 9 4 1 , li n e 1 0 ) a r e l e s s t h a n $ 2 , 5 0 0 , y o u d i d n 't i n c u r a $ 1 0 0 , 0 0 0 n e x t d a y d e p o s it o b li g a ti o n d u r i n g t h e c u r r e n t q u a r t e r, a n d y o u a r e p a y i n g i n f u ll w it h a ti m e l y fi l e d r e t u r n ; o r You are a mo nth ly sc he dul e de po sit or ma kin ga pa ym ent in ac cor da nc e wit h the Ac cur ac y of De po sit s Ru le. Se e se cti on 11 of Pu b. 15 for det ail s. In thi s ca se, the am ou nt of yo ur pa ym ent ma y be $2, 50 0 or mo re. Otherw ise, you must e v e r , make deposits by electronic funds transfer. See section 11 of Pub. 15 for deposit instructio ns. Don't use Form 941-V to make federal tax deposits. ! U s e F o r m 9 4 1 V w h e n m a k i n g a n y p a y m e n t w i t h F o r m 9 4 1 . H o w i f y o u p a y a n a m o u n t CAUTION Form 941 that shoul d have been depo sited, you may be subje ct to a penal ty. See Depo sit Penal ties in secti on 11 of Pub. 15. w i t h Specifi c Instruc tions Box 1 Employe r identific ation number (EIN). If you don't have an EIN, you may apply for one online. Go to IRS.gov and type \"EIN\" in the search box. You may also apply for an EIN by faxing or mailing Form SS4 to the IRS. If you haven't received your EIN by the due date of Form 941, write \"Applied For\" and the date you applied in this entry space. B o x 2 A m o u nt p ai d. E nt er th e a m o u nt p ai d wi th F or m 9 4 1. Box 3 Tax peri od. Dar ken the circl e iden tifyi ng the quar ter for whic h the pay men t is mad e. Dar ken only one circl e. B o x 4 N a m e a n d a d dr es s. E nt er yo ur na m e an d ad dr es s as sh o w n on F or m 94 1. Encl ose your check or money order made payabl e to \"Unite d States Treas ury.\" Be sure to enter your EIN, \"Form 941,\" and the tax period on your check or mone y order. Don't send cash. Don't staple Form 941-V or your paym ent to Form 941 (or to each other) . D etac h For m 941 -V and sen d it with you r pay me nt and For m 941 to the add ress in the Inst ructi ons for For m 941 . Not e: You mus t also com plet e the entit y infor mati on abo ve Part 1 on For m 941. Form 941-V Detach Here and Mail With Your Payment and Form 941. Payment Voucher Department of the Treasury Internal Revenue Service OMB No. 1545-0029 2016 Don't staple this voucher or your payment to Form 941. 1 Enter your employer identification number (EIN). 2 3 Tax Period 4 Enter your business name (individual name if sole proprietor). Enter the amount of your payment. Dollars Cents Make your check or money order payable to \"United States Treasury\" 1st Quarter 3rd Quarter 2nd Quarter 4th Quarter Enter your address. Enter your city, state, and ZIP code or your city, foreign country name, foreign province/county, and foreign postal code. Form 941 (Rev. 1-2016) Priv acy Act and Pape rwor k Red uctio n Act Noti ce. We ask for the infor mati on on For m 941 to carry out the Inter nal Rev enue laws of the Unit ed Stat es. We need it to figur e and colle ct the right amo unt of tax. Subti tle C, Empl oym ent Taxe s, of the Inter nal Reve nue Cod e impo ses empl oym ent taxe s on wag es and provi des for inco me tax withh oldin g. Form 941 is used to deter mine the amo unt of taxe s that you owe. Secti on 6011 requi res you to provi de the requ este d infor mati on if the tax is appli cabl e to you. Secti on 6109 requi res you to provi de your ident ificati on num ber. If you fail to provi de this infor mati on in a timel y man ner, or provi de false or fraud ulent infor mati on, you may be subj ect to pena lties. Yo u aren' t requi red to provi de the infor mati on requ ested on a form that is subje ct to the Pape rwork Redu ction Act unles s the form displ ays a valid OMB contr ol num ber. Book s and recor ds relati ng to a form or its instru ction s must be retai ned as long as their conte nts may beco me mate rial in the admi nistra tion of any Inter nal Reve nue law. G en er all y, ta x ret ur ns an d ret ur n inf or m ati on ar e co nfi de nti al, as re qu ire d by se cti on 61 03 . Ho we ve r, se cti on 61 03 all ow s or re qu ire s th e IR S to dis clo se or giv e th e inf or m ati on sh ow n on yo ur tax ret ur n to ot he rs as de scr ibe d in th e Co de . Fo r ex a m ple , we m ay dis clo se yo ur tax inf or m ati on to th e De pa rt m en t of Justi ce for civil and crimi nal litigat ion, and to cities , state s, the Distri ct of Colu mbia, and U.S. com mon wealt hs and poss essio ns for use in admi nister ing their tax laws. We may also discl ose this infor matio n to other count ries unde ra tax treaty , to feder al and state agen cies to enfor ce feder al nont ax crimi nal laws, or to feder al law enfor cem ent and intelli genc e agen cies to com bat terror ism. T h e t i m e n e e d e d t o c o m p l e t e a n d f il e F o r m 9 4 1 w il l v a r y d e p e n d i n g o n i n d i v i d u a l c i r c u m s t a n c e s . er, we woul d be happ e y to s hear t from i you. m You a can t send e us d com ment a s v from e www r .irs.g a ov/fo g rmsp e ubs. Click t on i Mor m e e Info rma i tion and s the : n Recordkeeping clic Learning about the law or the form k Preparing, on copying, assembling, and Giv sending the form to the IRS e If us you fee have dba com ck. ment Or s you conc can ernin sen g the d accu you racy r of co thes mm e ent time s to estim Inte ates rnal or Rev sugg enu estio e ns Ser for vice maki , ng Tax Form For 941 ms simpl T h e and Pub licat ion s Divi sio n, 111 1 Co nsti tuti on Ave . NW , IR652 6, Wa shi ngt on, DC 202 24. Do n't sen d For m 941 to this add res s. Inst ead , see Wh ere Sh oul d You File ? in the Inst ruct ion s for For m 941 . EMPLOYEE EARNINGS RECORD Employee Parker Cranston Address: 85 Southern Road Herndon VA 20170 Pay Rate pe $15.00 Pay Period Gross Earnings Ending 31-Mar 31-june Sep-17 31-Oct 30-Nov Cumulative Earnings 7,800.00 7,800.00 7,800.00 3,000.00 2,400.00 28,800.00 7,800.00 15,600.00 23,400.00 26,400.00 28,800.00 102,000.00 Social Security Status: State w/h Allowa Federal w/h Allowance State Federal income Income Tax taxes 312.00 312.00 312.00 120.00 96.00 1,152.00 366.00 366.00 366.00 141.00 112.80 1,351.80 Social Security Tax 483.60 483.60 483.60 186.00 148.80 1,785.60 Medicare Tax 113.10 113.10 113.10 43.50 34.80 417.60 50,968.50 EMPLOYEE EARNINGS RECORD Employee Allison Harrison Address: 203 A Pine court Herndon ,Va 20170 Pay Rate pe $23.00 Pay Period Gross Earnings Ending 31-Mar 31-june Sep-17 31-Oct 30-Nov Social Security #: Status: State w/h Allowa Federal w/h Allo Cumulative Earnings 11,960.00 11,960.00 11,960.00 4,600.00 3,680.00 44,160.00 11,960.00 23,920.00 35,880.00 40,480.00 44,160.00 156,400.00 State Federal income Income Tax taxes 546.00 546.00 546.00 210.00 168.00 2,016.00 568.10 568.10 568.10 218.50 174.80 2,097.60 Social Security Tax 741.42 741.42 741.42 285.20 228.16 2,737.62 Medicare Tax 173.20 173.20 173.20 66.70 53.60 639.90 EMPLOYEE EARNINGS RECORD Employee John Parker Address: 212Tradition Lane Herndon ,Va 20170 Pay Rate pen/a Social Security #: Status: State w/h Allowa Federal w/h Allo Pay Period Gross Earnings Ending 31-Mar 31-june Sep-17 31-Oct 30-Nov 50,750.05 50,750.05 50,750.05 19,519.25 15,615.40 187,384.80 Cumulative Earnings 50,750.05 50,750.05 50,750.05 70,269.30 85,884.70 308,404.15 State Federal income Income Tax taxes 12,110.54 12,110.54 12,110.54 4,657.90 3,726.32 44,715.84 2,537.47 2,537.47 2,537.47 975.95 780.76 9,369.12 Social Security Tax 3,146.52 3,146.52 3,146.52 9,439.56 Medicare Tax 735.93 735.93 735.93 283.05 226.44 2,717.28 EMPLOYEE EARNINGS RECORD Employee Pierre Sternberg Address: 41 stewad Boulevard Herndon ,Va 20170 Pay Rate pena Pay Period Gross Earnings Ending 31-Mar 31-june Sep-17 31-Oct 30-Nov 2,153.85 2,153.85 Social Security #: Status: State w/h Allowa Federal w/h Allo Cumulative Earnings 2,153.85 2,153.85 State Federal income Income Tax taxes 290.38 290.38 ### ### ### ### 106.62 106.62 Social Security Tax 133.54 133.54 Medicare Tax 31.23 31.23 ECORD 111-11-1111 Married 2 al w/h Allowance charitable 401 Total contributi Deduction deductions on 468.00 468.00 468.00 180.00 144.00 1,728.00 65.00 65.00 65.00 25.00 20.00 240.00 1,807.70 1,807.70 1,807.70 695.50 556.40 6,675.00 Net Pay 5,992.30 5,992.30 5,992.30 2,304.50 1,843.60 22,125.00 ECORD 777-77-7777 Married 3 3 charitable 401 Total contributi Deduction deductions on 598.00 598.00 598.00 230.00 184.00 2,208.00 ECORD 444-44-4444 Single 1 1 65.00 65.00 65.00 25.00 20.00 240.00 2,691.72 2,691.72 2,691.72 1,035.40 828.56 9,939.12 Net Pay 9,268.28 9,268.28 9,268.28 3,564.60 2,851.44 34,220.88 charitable 401 Total contributi Deduction deductions on - 260.00 260.00 260.00 100.00 80.00 960.00 18,790.46 18,790.46 18,790.46 6,016.90 4,813.52 67,201.80 Net Pay 31,959.59 31,959.59 31,959.59 13,502.35 10,801.88 120,183.00 ECORD 333-33-3333 Married 2 2 charitable 401 Total contributi Deduction deductions on 21.54 22 - 583.31 583.31 Net Pay 1,570.54 1,570.54 http://www.halfpricesoft.com/federal_income_tax_2015.asp 9/12/2016 Name Gross Earnings Parker Cranston 600.00 Allison Harriso 851.00 John Parker 3,903.85 Pierre Sternberg 2,153.85 TOTALS 7,508.70 Federal Social Income Security Tax Tax 10.00 37.20 16.00 52.76 424 242.04 290 133.54 740.38 465.54 Deductions State 401 Medicare Charitable income Deductio Tax deductions taxes n 30.00 8.70 36.00 5.00 42.55 12.34 42.55 5.00 195.19 56.61 20.00 107.69 31.23 21.54 375.44 108.88 100.09 30.00 16/12/2017 Federal Social Name Income Security Tax Gross Earnings Tax Parker Cranston 570.00 10.00 35.34 Allison Harriso 954.50 7.00 59.18 John Parker 3,903.85 424 242.04 Pierre Sternberg 2,153.85 290 133.54 TOTALS 7,582.20 730.92 470.10 Deductions State 401 Medicare Charitable income Deductio Tax deductions taxes n 28.50 47.73 195.19 107.69 379.11 12/23/2017 Federal Social Income Security Tax Gross Earnings Tax Parker Cranston 678.75 13.00 42.08 ALLISON HAR ### John Parker 3,903.85 424 242.04 Pierre Sternberg 2,153.85 290 133.54 TOTALS 6,736.45 726.92 417.66 Name Federal Social Income Security Tax Gross Earnings Tax Parker Cranston 600.00 13.00 37.20 ALLISON HAR ### John Parker 3,903.85 424 242.04 Pierre Sternberg 2,153.85 290 133.54 TOTALS 6,657.70 726.92 412.78 34.20 47.73 21.54 103.46 5.00 5.00 20.00 30.00 Deductions State 401 Medicare Charitable income Deductio Tax deductions taxes n 33.94 195.19 107.69 336.82 12/30/2017 Name 8.27 13.84 56.61 31.23 109.94 9.84 56.61 31.23 97.68 40.73 21.54 62.26 5.00 20.00 25.00 Deductions State 401 Medicare Charitable income Deductio Tax deductions taxes n 0.81 26.26 18.00 45.07 8.70 56.61 31.23 96.54 36.00 21.54 57.54 5.00 20.00 25.00 Account credited Total Net Pay Deductions 126.90 473.10 171.20 679.80 937.84 2,966.01 584.38 1,569.47 1,820.32 5,688.38 Check Wages expense No. 762 600.00 763 851.00 764 3,903.85 765 2,153.85 7,508.70 Account Debited Total Net Pay Deductions 121.31 180.47 937.38 584.38 1,823.53 448.70 774.03 2,966.47 1,569.47 5,758.67 Check No. 766 767 768 769 144.59 20.00 584.38 748.97 534.16 957.38 1,569.47 3,061.01 Check No. 570.00 954.50 3,903.85 2,153.85 7,582.20 Wages payable 770 534.16 771 772 957.38 1,569.47 3,061.01 Account Debited Total Net Pay Deductions 100.71 20.00 494.69 615.40 499.29 788.44 1,659.16 2,946.90 Check No. 1690 1793 1579 1281 6343 1,766.07 Wages expense Account Debited Total Net Pay Deductions 1,766.07 413.03 Wages payable 773 499.29 774 775 788.44 1,659.16 2,946.90 7189 6302 22,013.11 3,532.15 EMPLOYEE EARNINGS RECORD Employee Name: Parker Cranston Address: 85 Southern Road Herndon VA 20170 $15.00 Pay Rate per hour: Date Regular 9-Dec 16-Dec 23-Dec 30-Dec Overtime 600.00 570.00 600.00 600.00 2,370 Gross 78.75 - Federal Inco State inco 600.00 570.00 678.75 600.00 2,449 10.00 10.00 13.00 10.00 43 30.00 28.50 33.94 30.00 122 EMPLOYEE EARNINGS RECORD Employee Name: Allison Harrison Address: 203 A Pine court Herndon ,Va 20170 $23.00 Pay Rate per hour: Date Regular Overtime Gross Federal Inco State inco 9-Dec 851.00 851.00 16.00 42.55 16-Dec 920.00 34.50 954.50 7.00 47.73 23-Dec ### 30-Dec ### 1,805.50 23.00 90.28 EMPLOYEE EARNINGS RECORD Employee Name: John Parker Address: 212Tradition Lane Herndon ,Va 20170 Pay Rate per hour: Date Totals n/a Regular Overtime Gross Federal Inco State inco 9-Dec 3,903.85 3,903.85 423 195.19 16-Dec 3,903.85 3,903.85 424 195.19 23-Dec 3,903.85 3,903.85 424 195.19 30-Dec 3,903.85 3,903.85 424 195.19 15,615.40 1,693.16 780.77 EMPLOYEE EARNINGS RECORD Employee Name: Pierre Sternberg Address: 41 stewad Boulevard Herndon ,Va 20170 Pay Rate per hour: Date na Regular Overtime Gross Federal Inco State inco 9-Dec 2,153.85 2,153.85 290 106.62 16-Dec 2,153.85 2,153.85 290 106.62 23-Dec 2,153.85 2,153.85 290 106.62 30-Dec 2,153.85 2,153.85 290 106.62 8,615.40 1,161.52 426.48 Journal Entries 9/12/2016 Employees wages Federal tax payable Social security payable State income taxes payable Medicare tax payable 401 deduction Charitable deductions Salaries payable 7,508.70 740.38 465.54 375.44 108.88 100.09 30.00 7,508.70 (To record gross salaries and deductions) 16/12/2016 Employees wages 7,582.20 Federal tax payable Social security payable State income taxes payable Medicare tax payable 401 deduction Charitable deductions Salaries payable (To record gross salaries and deductions) 730.92 470.10 379.11 109.94 103.46 30.00 5,758.67 12/23/2016 Employees wages 6,736.45 Federal tax payable Social security payable State income taxes payable Medicare tax payable 401 deduction Charitable deductions Salaries payable (To record gross salaries and deductions) 726.92 417.66 336.82 97.68 62.26 25.00 5,070.11 12/30/2016 Employees wages 6,657.70 Federal tax payable Social security payable State income taxes payable Medicare tax payable 401 deduction Charitable deductions Salaries payable (To record gross salaries and deductions) 726.92 412.78 45.07 96.54 57.54 25.00 5,293.86 PERCENTAGE METHOD WITHHOLDING METHOD-WEEKLY SINGLE If wages are over but not over 102 - of amount over 102 1,548 0+3.55% 102 1,548 3,623 51.33+6.8% 1,548 3,623 7,460 192.43+7.8% 3,623 7,460 16,115 491.72+8.80% 7,460 16,115 - 1253.36+8.95 16,115 If wages are over 154 1356 3111 4654 8180 GS RECORD Social Security 111-11-1111 Status: Married State w/h Allowances: 3 Federal w/h Allowanc 2 Social Security Tax Medicare Tax 401 Deduction 37.20 35.34 42.08 37.20 152 8.70 8.27 9.84 8.70 36 36.00 34.20 40.73 36.00 147 charitable contTotal deductio Net Pay 5.00 5.00 5.00 5.00 20 126.90 121.31 144.59 126.90 520 473.10 448.70 534.16 473.10 GS RECORD Social Security #: 777-77-7777 Status: Married State w/h Allowances: 3 Federal w/h Allowanc 3 Social Security Tax Medicare Tax 401 Deduction charitable contTotal deductio Net Pay 52.76 12.34 42.55 5.00 171.20 679.80 59.18 13.84 47.73 5.00 180.47 774.03 111.94 26.18 90.28 10.00 351.67 E EARNINGS RECORD Social Security #: 444-44-4444 Status: Single State w/h Allowances: 1 Federal w/h Allowanc 1 Social Security Tax Medicare Tax 401 Deduction charitable contTotal deductio Net Pay 242.04 56.61 20.00 936.38 2,967.47 242.04 56.61 20.00 937.38 2,966.47 242.04 56.61 20.00 937.38 2,966.47 242.04 56.61 20.00 937.38 2,966.47 968.15 226.42 80.00 3,748.51 E EARNINGS RECORD Social Security #: 333-33-3333 Status: Married State w/h Allowances: 2 Federal w/h Allowanc 2 Social Security Tax Medicare Tax 401 Deduction charitable contTotal deductio Net Pay 133.54 31.23 21.54 583.31 1,570.54 133.54 31.23 21.54 583.31 1,570.54 133.54 31.23 21.54 583.31 1,570.54 133.54 31.23 21.54 583.31 1,570.54 534.15 124.92 86.15 2,333.23 28,485.05 50,968.50 79013 79,453.55 (440.55) MARRIED If wages are but not over 154 - of amount 1356 0+3.55% 3111 42.67+6.8% 4654 162.01+7.8% 8180 282.36+8.8% 592.65+8.95% JOHN PARKER TAXABLE INCOME Federal withholding tax over 154 1356 3111 4654 8180 3,827 42.671 162.01 217.858 422.539 154 1,999.85 42.671 43.7818 42.67 129.1228 4TH QUARTER COMPUTATIONS 12/30/2017 Deductions State Federal Social Medicare Name income Income Tax Security Tax Tax taxes Gross Earnin Tax Totals Parker Cranston 120 186 141 43.5 OCT 3000 96 148.8 112 34.8 NOV 2400 46 151.82 93.24 35.51 DEC 2,448.75 7848.75 262 486.6225 346.2435 113.806875 1208.67288 Allison Harrison OCT 4,600.00 210.00 285.20 218.50 66.70 NOV 3,680.00 168.00 228.16 174.80 53.36 DEC 1,805.50 23.00 111.94 90.28 26.18 10,085.50 401.00 625.30 483.58 146.24 1656.11575 John Parker OCT 19,519.25 4,657.90 975.95 283.95 NOV 15,615.40 3,726.32 780.76 226.44 DEC 15,615.40 1,694.62 611.84 226.42 50,750.05 10,078.84 2,368.55 736.81 13184.2003 Pierre Sternberg OCT ### NOV 2,153.85 290 133.54 106.62 21.54 DEC 8,615 1,161.52 534.15 341.08 124.92 TOTALS 10,769.25 1,451.90 Social taxes Medical taxes State tax Federal tax Total taxes Journal entries Payroll expenses Federal tax payable Social security payable Medicare payable State tax payable (to record payroll taxes) 667.69 3,559.24 2,286.65 3,646.07 12,193.74 21,685.69 Dr 18,763 Cr 12,194 1,780 1,143 3,646 447.70 146.46 28,703.52 2,713.76 Federal tax payable Social security payable Medicare payable State tax payable Cash (On payment of taxes) 12,194 1,752 1,137 3,624 18,707 OCT 490.5 MONTHLY TAXES NOV 391.6 DEC 327 865.35 846.64 1,210.95 780.40 624.32 251.40 5,917.80 4,733.52 2,532.88 8054.05 552 7148.16 2,161.68 6,483 Suta-Computation PARKER CRANSTON 1st quarter 248 2nd quarteR 3rd quarter 4th quarter - JOHN PARKER 1st quarter 2nd quarteR 3rd quarter 4th quarter ALLISON HARRISON 1st quarter 248 2nd quarteR 3rd quarter 4th quarter - PIERRE STERNBERG 1st quarter 2nd quarteR 3rd quarter 4th quarter 248 Total 248 - 992 FUTA-Computation PARKER CRANSTON 1st quarter 420 2nd quarteR 3rd quarter 4th quarter - JOHN PARKER 1st quarter 2nd quarteR 3rd quarter 4th quarter ALLISON HARRISON 1st quarter 420 2nd quarteR 3rd quarter 4th quarter - PIERRE STERNBERG 1st quarter 2nd quarteR 3rd quarter 4th quarter 420 Total Futa 1,680 Journal entries Futa tax 1,680 Futa tax payable (To record unempoyment taxes) Futa tax payble Cash 1,680 1,680 1,680 420 - (On payment of unempoyment taxes) Gross incomeFederal tax social securimedicare State tax TOTALS Parker cra 31,248.75 1,195 1,937 453 1,474 36,309 Allison Ha 45,966 2,039 1,870 437 2,166 52,478 John Parke 203,000 46,409 10,408 866 10,150 270,833 Pierre Ster 10,769 1,452 668 156 533 13,578 290,984 51,095 14,883 1,913 14,323 82,214 Apply to next return. Form 940 for 2016: Employer's Annual Federal Unemployment (FUTA) Tax Return 850113 Department of the Treasury Internal Revenue Service OMB No. 1545-0028 Employer identification number 7 7 (EIN) Name (not your trade name) 7 7 7 7 7 7 7 (Check all that apply.) EL LIP SE S CO RP a. Amended b. Successor employer c. No payments to employees in 2016 d. Final: Business closed or stopped paying wages Instructions and prior-year forms are available at www.irs.gov/form940. Trade name (if any) Address VA 20170 Number Street Suite or room number HERNDON City Foreign country name Type of Return State Foreign province/county ZIP code Foreign postal code Read the separate instructions before you complete this form. Please type or print within the boxes. Part 1: Tell us about your return. If any line does NOT apply, leave it blank. See instructions before completing Part 1. 1a If you had to pay state unemployment tax in one state only, enter the state abbreviation . 1b If you had to pay state unemployment tax in more than one state, you are a multi-state employer . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 If you paid wages in a state that is subject to CREDIT REDUCTION . . . . . . . . 1a Check here. 1b 2 Complete Schedule A (Form 940). Check here. Complete Schedule A (Form 940). Part 2: Determine your FUTA tax before adjustments. If any line does NOT apply, leave it blank. 3 Total payments to all employees . . . . . . . . . 4 Payments exempt from FUTA tax . . . . . . . . . . . . . . . . . 4 00.00 . 3 290,984.00 . 5 6 Check all that apply: 4a Fringe benefits 4b Group-term life insurance Total of payments made to each employee in excess of $7,000 . . . . . . . . . . . . . . . . Subtotal (line 4 + line 5 = line 6) . . . . . . . . . 4c 4d 5 . Retirement/Pension Dependent care 262,984 4e Other . . . . . . . . . . . 6 262,984 . 7 Total taxable FUTA wages (line 3 - line 6 = line 7). See instructions . . . . . . . . . 7 8 FUTA tax before adjustments (line 7 x 0.006 = line 8) . . . . . . . . . . . . . 8 . 28000 . 1680 Part 3: Determine your adjustments. If any line does NOT apply, leave it blank. 9 If ALL of the taxable FUTA wages you paid were excluded from state unemployment tax, multiply line 7 by 0.054 (line 7 0.054 = line 9). Go to line 12 . . . . . . . . . . 9 10 If SOME of the taxable FUTA wages you paid were excluded from state unemployment tax, OR you paid ANY state unemployment tax late (after the due date for filing Form 940), complete the worksheet in the instructions. Enter the amount from line 7 of the worksheet . . 10 11 If credit reduction applies, enter the total from Schedule A (Form 940) . . . . . . . 11 . . . Part 4: Determine your FUTA tax and balance due or overpayment. If any line does NOT apply, leave it blank. 12 12 13 14 Total FUTA tax after adjustments (lines 8 + 9 + 10 + 11 = line 12) . . . . 13 from a prior year FUTA tax deposited for the year, including any overpayment applied Balance due. If line 12 is more than line 13, enter the excess on line 14. If line 14 is more than $500, you must deposit your tax. If line 14 is $500 or less, you may pay with this return. See instructions . . . . . . . 14 15 . . . Overpayment. If line 13 is more than line 12, enter the excess on line 15 and check a box below You MUST complete both pages of this form and SIGN it. 15 For Privacy Act and Paperwork Reduction Act Notice, see the back of Form 940-V, Payment Voucher. . Send a refund. N e xt Cat. No. 11234O 940 (2016) Form 850212 Name (not your trade name) Part 5: Employer identification number (EIN) Report your FUTA tax liability by quarter only if line 12 is more than $500. If not, go to Part 6. 16 Report the amount of your FUTA tax liability for each quarter; do NOT enter the amount you deposited. If you had no liability for a quarter, leave the line blank. 17 16a 1st quarter (January 1 - March 31) . . . . . . . . . 16a 16b 2nd quarter (April 1 - June 30) . . . . . . . . . . 16b 16c 3rd quarter (July 1 - September 30) . . . . . . . . 16c 16d 4th quarter (October 1 - December 31) . . . . . . . 16d Total tax liability for the year (lines 16a + 16b + 16c + 16d = line 17) 17 .1260 .00 .00 .420 . Total must equal line 12. Part 6: 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 for details. Yes. Designee's name and phone number 571-555-00073 Select a 5-digit Personal Identification Number (PIN) to use when talking to IRS 3 4 4 4 4 No. Part 7: Sign here. You MUST complete both pages of this form and SIGN it. Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete, and that no part of any payment made to a state unemployment fund claimed as a credit was, or is to be, deducted from the payments made to employees. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Print your PARKR CRANSTON Sign your name here Date name here Print your title here / Best daytime phone / Paid Preparer Use Only Check if you are self-employed Preparer's name PTIN Preparer's signature Date Firm's name (or yours if self-employed) EIN Address Phone City Page 2 State / / ZIP code Form 940 (2016) Form 940-V, Payment Voucher Purpose of Form Specific Instructions Complete Form 940-V if you're making a payment with Form 940. We will use the completed voucher to credit your payment more promptly and accurately, and to improve our service to you. Box 1Employer Identification Number (EIN). If you don't have an EIN, you may apply for one online. Go to IRS.gov and type \"EIN\" in the search box. You may also apply for an EIN by faxing or mailing Form SS-4 to the IRS. If you haven't received your EIN by the due date of Form 940, write \"Applied For\" and the date you applied in this entry space. Box 2Amount paid. Enter the amount paid with Form 940. Box 3Name and address. Enter your name and address as shown on Form 940. Enclose your check or money order made payable to \"United States Treasury.\" Be sure to enter your EIN, \"Form 940,\" and \"2016\" on your check or money order. Don't send cash. Don't staple Form 940-V or your payment to Form 940 (or to each other). Detach Form 940-V and send it with your payment and Form 940 to the address provided in the Instructions for Form 940. Note: You must also complete the entity information above Part 1 on Form 940. Making Payments With Form 940 To avoid a penalty, make your payment with your 2016 Form 940 only if your FUTA tax for the fourth quarter (plus any undeposited amounts from earlier quarters) is $500 or less. If your total FUTA tax after adjustments (Form 940, line 12) is more than $500, you must make deposits by electronic funds transfer. See When Must You Deposit Your FUTA Tax? in the Instructions for Form 940. Also see sections 11 and 14 of Pub. 15 for more information about deposits. ! Use Form 940-V when making any payment with Form 940. However, if you pay an amount with Form 940 that should've been deposited, you CAUTION may be subject to a penalty. See Deposit Penalties in section 11 of Pub. 15. Detach Here and Mail With Your Payment and Form 940. Form l 940-V Department of the Treasury Internal Revenue Service 1 Enter your employer identification number (EIN). Payment Voucher Don't staple or attach this voucher to your payment. n 2 Enter the amount of yourapayment. Make your check or money order payable to m 3 E e n t e i r f y s o o u l r e b p u r s o i p n r e i s e s t n a m e ( i n d i v i d u a or). Enter your address. Enter your city, state, and ZIP code or your city, foreign country name, foreign province/county, and foreign postal code. Form 940 (2016) Privacy Act and Paperwork Reduction Act Notice. We ask for the information on this form to carry out the Internal Revenue laws of the United States. We need it to figure and collect the right amount of tax. Chapter 23, Federal Unemployment Tax Act, of Subtitle C, Employment Taxes, of the Internal Revenue Code imposes a tax on employers with respect to employees. This form is used to determine the amount of the tax that you owe. Section 6011 requires you to provide the requested information if you are liable for FUTA tax under section 3301. Section 6109 requires you to provide your identification number. If you fail to provide this information in a timely manner or provide a false or fraudulent form, you may be subject to penalties. You aren't required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form displays a valid OMB control number. Books and records relating to a form or instructions must be retained as long as their contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return information are confidential, as required by section 6103. However, section 6103 allows or requires the IRS to disclose or give the information shown on your tax return to others as described in the Code. For example, we may disclose your tax information to the Department of Justice for civil and criminal litigation, and to cities, states, the District of Columbia, and U.S. commonwealths and possessions to administer their tax laws. We may also disclose this information to other countries under a tax treaty, to federal and state agencies to enforce federal nontax criminal laws, or to federal law enforcement and intelligence agencies to combat terrorism. The time needed to complete and file this form will vary depending on individual circumstances. The estimated average time is: Recordkeeping . . . . . . . . . . Learning about the law or the form Preparing, copying, assembling, and sending the form to the IRS If you have comments concerning the accuracy of these time estimates or suggestions for making Form 940 simpler, we would be happy to hear from you. You can send us comments from www.irs.gov/formspubs. Click on More Information and then click on Give us feedback. Or you can send your comments to Internal Revenue Service, Tax Forms and Publications Division, 1111 Constitution Ave. NW, IR-6526, Washington, DC 20224. Don't send Form 940 to this address. Instead, see Where Do You File? in the Instructions for Form 940. Form 941 for 2016: (Rev. January 2016) Employer identification number (EIN) Employer's QUARTERLY Federal Tax Return 950114 Department of the Treasury Internal Revenue Service 7 7 7 7 7 7 7 OMB No. 1545-0029 7 Report for this Quarter of 2016 7 (Check one.) 1: January, February, March 2: April, May, June Name (not your trade name) 3: July, August, September ELLIPSES 4: October, November, December Trade name (if any) Address Instructions and prior year forms are available at www.irs.gov/form941. VA 20170 Number Street Suite or room number HERNDO N City Foreign country name State Foreign province/county ZIP code Foreign postal code Read 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) 1 4 2 Wages, tips, and other compensation . . . . . . . . . . . . . . . . . 2 79,453 . 3 Federal income tax withheld from wages, tips, and other compensation . . . . . . 3 18,126 . 4 If no wages, tips, and other compensation are subject to social security or Medicare tax 1 Check and go to line 6. Column 2 . 28703 5a Taxable social security wages . . 5b Taxable social security tips . . . . 5c Taxable Medicare wages & tips. . . 5d Taxable wages & tips subject to Additional Medicare Tax withholding . 3559 .124 = . . . .124 = .029 = .009 = . 3559 5e Add Column 2 from lines 5a, 5b, 5c, and 5d . . . . . . . . . . . . . . . 5e 5f Section 3121(q) Notice and DemandTax due on unreported tips (see instructions) . . 5f 6 Total taxes before adjustments. Add lines 3, 5e, and 5f . . . . . . . . . . . . 6 21,685 . 7 Current quarter's adjustment for fractions of cents . . . . . . . . . . . . . 7 00 . 8 Current quarter's adjustment for sick pay . . . . . . . . . . . . . . . . 8 00 . 9 Current quarter's adjustments for tips and group-term life insurance . . . . . . . 9 00 . 10 Total taxes after adjustments. Combine lines 6 through 9 . . . . . . . . . . . 10 21,685 . 11 Total deposits for this quarter, including overpayment applied from a prior quarter and overpayments applied from