Completing 941 form. I need help completing line 2 and 5a and 5c and 5d.
X Copy of karla.valladares-Three month project 1 (1) - Saved Valladares, Karla I File Home Insert Draw Formulas Data Review View Calibri (BO... 17 BIU A E ab Sensitivity = 1104 + 176 + 146 + 116 C D E F G H K M N O P Q R S 110 11/ 11/2018 n/a n/a LOU7.1 U na 1807.70 149.89 88.58 1 12.08 20.21 3 50.15 na #14/34 1,429.15 111 11/18/2018 n/a n/a 1807.7 0 n/a 0 1807.70 149.89 88.58 o 112.08 26.21 $ 36.15 n/a #4738 1,429.13 112 11/25/2018 n/a n/a 1807.7 n/a 0 1807.70 149.89 88.58 112.08 26.21 $ 36.15 n/a #4742 1,429.13 113 12/2/2018 n/a n/a 1807.7 0 n/a 1807.70 149.89 88.58 112.08 26.21 $ 36.15 n/ #4746 1,429.13 114 12/9/2018 n/a n/a 1807.7 0 o n/a o 1807.70 149.89 88.58 112.08 26.21 $ 36.15 na #4750 1,429.13 115 12/16/2018 n/a n/a 1807.7 n/a 0 1807.70 149.89 88.58 112.08 26.21 $ 36.15 n/a #4754 1,429.13 116 12/23/2018 n/a n/a 1807.7 0 n/a 0 1807.70 149.89 88.58 112.08 26.21 $ 36.15 n/a #4758 1,429.13 117 12/30/2018 n/a n/a 1807.7 0 n/a 0 1807.70 149.89 88.58 112.08 26.21 $ 36.15 n/a #4762 1,429.13 118 $23,500.10 $ 1,948.57 $ 1,151.53 $ 1,457.03 $ 340.74 $ $ 469.97 $ 18,578.69 119 120 83,947.81 16,832.15 4,158.62 1,143.76 1,217.27 774.55 390.00 59,431.46 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 + Three Month - Payroll Register Three Month - Earnings Record M 3:27Login @ Home Fo X Learne Vitals 20191 Vitals Googl VitalsMicro Learn Learn Learn Learn Home + X @ File | /home/chronos/u-8e10bd5a73ae8c40d7d9d569334dbd7dd46c6342/MyFiles/Downloads/941%20form IL O : Form (Rev. January 2020 941 for 2020: Employer's QUARTERLY Federal Tax Return 950117 Department of the Treasury - Internal Revenue Service OMB No. 1545-0029 Employer identification number (EIN) 4 4 Report for this Quarter of 2020 Check one.) Name (not your trade name) Ampersand, Inc. 1: January, February, March Trade name (if any) 2: April, May, June 3: July, August, September Address 732 Appalachian Way Suite or room number x 4: October, November, December Number Street Go to www.irs.gov/Form941 for Somerset VT 05363 instructions and the latest information. City State ZIP code Foreign country name Foreign province/county 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. 1 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) 4 2 Wages, tips, and other compensation 2 3 Federal income tax withheld from wages, tips, and other compensation 3 16832 . 15 4 If no wages, tips, and other compensation are subject to social security or Medicare tax Check and go to line 6. Column 1 Column 2 5a Taxable social security wages x 0.124 = 5b Taxable social security tips . x 0.124 = 5c Taxable Medicare wages & tips. x 0.029 = 1 7 3:27 wrx I a; I u. ( ) c a bookshelf.vitalsource.com/#lbooks/978'l64061U30V/c/243l/4/4@0.00:47.8 it I] | .1. V 7' 4. Com lete Form 941 for both the 3rd and 4th uarters. Assume that the em 10 ees earned the same amount P '1 P Y [ during each pay period of the 3rd quarter and that there were four, four, and ve pay periods during the 5?. months of July, August, and September, respectively. Note that based on the lookback period, the company Q 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 each quarter. Although Vermont quarterly state l a 011 forms are also led b Am ersand, Inc., ou will not com lete these. If directed to do so b our [-3 p W Y p Y P Y Y instructor, record the necessary journal entries associated with each Form 941 (including those required for A any tax payments made). rl , 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. '1 l Instead, to avoid rounding discrepancies, tax figures within Part2 of Form 941 should be determined for each employee by adding the individual taxes across each pay period. 5. Complete Form 940 for Ampersand, Inc. Note that FUTA payments are made only when required (i.e., if I 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). If directed to do so by your instructor, record the necessary journal entry associated with Form 940. l r 6. Calculate total SUTA tax owed by the employer. Although Ampersand, Inc., will le state f C) 232 m A @Aal'liVGDEev
