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Daigneault Designs has the following amounts listed on their Form 941: 2 Wages, tips, and other compensation 2 85,248.00 3 Federal income tax withheld from
Daigneault Designs has the following amounts listed on their Form 941: 2 Wages, tips, and other compensation 2 85,248.00 3 Federal income tax withheld from wages, tips, and other compensation 3 7,426.00 4 If no wages, tips, and other compensation are subject to social security or Medicare tax X Check and go to line 6. Column 1 Column 2 5a Taxable social security wages 85,248.00 x 124 = 10,570.75 5b Taxable social security tips x. 124 = 5c Taxable Medicare wages & tips 85,248.00 .029 = 2,472.19 5d Taxable wages & tips subject to Additional Medicare Tax x .009 = withholding 5e Add column 2 from lines 5a, 5b, 5c, and 5d 5e 13,042.94 5f Section 3121(9) Notice and Demand - Tax due on unreported tips (see instructions) 5f 6 Total taxes before adjustments. Add lines 3, 5e, and 5f 6 Assuming that Daigneault Designs has no tipped employees, what amount belongs on line 6? $20,468.94 $105,716.94 $26,085.89 $13,042.94
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