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Daugbeault Designs has the following amount listed on their form 941 (assume no section 1 to 5 health insurance and that none of the employees
Daugbeault Designs has the following amount listed on their form 941 (assume no section 1 to 5 health insurance and that none of the employees have exceeded the social security wage base.):
Daigneault Designs has the following amounts listed on their Form 941 (Assume no Section 125 health insurance and that none of the employees had exceeded the Social Security wage base.): 2 3 82,248.00 7,165.00 Check and go to line 6. 2 Wages, tips, and other compensation 3 Federal income tax withheld from wages, tips, and other compensation 4 if no wagos, tips, and other compensation are subject to social security or Medicare tax Column 1 Column 2 5a Taxable social security wages 82,248.00 * 0.124 5b Taxable social security tips * 0.124 5c Taxable Medicare wages & tips 82.248.00 X 0.029 5d Taxable wages & tips subjoct to Additional Medicare Tax * 0.009 withholding 5e Add column 2 from lines 5a, sb, sc, and 5d 51 Section 3121(9) Notice and Demand - Tax due on unreported tips (see uctions) 6 Total taxes before adjustments Add lines 3, 5e, and 51 50 51 6 Assuming that Daigneault Designs has no tipped employees, what amount belongs on line 6? $12.583.94 $19,748.94 $101,996.94 $25,167.89 Step by Step Solution
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