CPP 6-1 (#2) Complete 4th Quarter and Year-End Payroll Reporting Complete Form 941 for the 4th quarter for TCLH Industries (which is located at 202 Whitmore Avenue, Durham, NC 27701; Employer Identification #44-4444444). Assume that all necessary deposits were made on a timely basis (new businesses in their first year of operations are automatically monthly depositors), and that the employer made deposits equal to the total amount owed for the quarter. Furthermore, note that the company had four pay periods during both October and November, and five pay periods during December. The company does not have a third-party designee, nor does it use a paid preparer. All forms are signed by the CEO of the company, Michael Sierra (phone number: 919-555-7485), and the form is submitted on the due date. Notes: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. Payroll Register Employee Earnings Records for Pay Period Ending 12/16/2018 Employee Earnings Records Year to Date 4th Quarter Taxes Form 941 for 2018: (Rev. January 2018) Employer's QUARTERLY Federal Tax Return Department of the Treasury Internal Revenue Service OMB No. 1545-0029 Employer identification number (EIN) 4 4 - 4 4 4 4 4 4 4 Name (not your trade name) TCLH Industries Trade name (if any) Address 202 Whitmore Avenue NumberStreetSuite or room number Durham City NC State 27701 ZIP code Foreign country name Foreign province/county Foreign postal code Report for this Quarter of 2018 (Check one.) 1: January, February, March 2: April, May, June 3: July, August, September 4: October, November, December Instructions and prior-year forms are available at www.irs.gov/form941. Read the separate instructions before you complete Form 941. Type or print within the boxes. Part 1:Answer these questions for this quarter. 1 The 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 334042 20 3 Federal income tax withheld from wages, tips, and other compensation . . . . . . . . . 3 13,315 66 4If no wages, tips, and other compensation are subject to social security or Medicare tax Check and go to line 6. Column 1 Column 2 5aTaxable social security wages . . 278418 36 0.124 = 34523 88 5bTaxable social security tips . . . 0.124 = 5cTaxable Medicare wages & tips . . 360618 36 0.029 = 10457 93 5dTaxable wages & tips subject to Additional Medicare Tax withholding 0.009 = 5e Add Column 2 from lines 5a, 5b, 5c, and 5d ............. 5e 44981 81 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 58297 47 7 Current quarter's adjustment for fractions of cents ........... 7 02 8 Current quarter's adjustment for sick pay.............. 8 9 Current quarter's adjustments for tips and group-term life insurance ....... 9 10 Total taxes after adjustments. Combine lines 6 through 9 .......... 10 58297 49 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 58297 49 13 Total deposits for this quarter, including overpayment applied from a prior quarter and overpayments applied from Form 941-X, 941-X (PR) or 944-X (SP) filed in the current quarter 13 58297 49 14 Balance due. If line 12 is more than line 13, enter the difference and see instructions .... 14 15Overpayment. If line 13 is more than line 12, enter the difference Check one: Apply to next return. Send a refund. You MUST complete both pages of Form 941 and SIGN it.