During the fourth quarter of 20--, there were seven biweekly paydays on Friday (October 4, 18; November 1, 15, 29; December 13, 27) for Quality Repairs. Using the forms supplied below, complete the following forms for the fourth quarter.

If an amount or input box does not require an entry, leave it blank or enter "0".

Quarterly Payroll Data
Total Earnings 5 Employees	OASDI	HI	FIT	SIT
$18,750.00	$1,162.50	$271.88	$1,875.00	$1,312.50
Employer's OASDI	$1,162.50
Employer's HI	271.88
Federal deposit liability each pay	677.68

As we go to press, the federal income tax rates for 2021 are being determined by budget talks in Washington and not available for publication. For this edition, the 2020 federal income tax tables for Manual Systems with Forms W-4 from 2020 or later with Standard Withholding and 2020 FICA rates have been used.

a. Complete the Federal Deposit Information Worksheets reflecting electronic deposits (monthly depositor). Federal deposit liability each pay, $677.68.

FEDERAL DEPOSIT INFORMATION WORKSHEET
Employer
Identification Number	00-0004701	Name	QUALITY REPAIRS
Month Tax Year Ends	12	Amount of Deposit	fill in the blank 1
Type of Tax (Form)	fill in the blank 2	Tax Period	1st quarter2nd quarter3rd quarter4th quarter
Address	10 SUMMIT SQUARE	Phone Number	(501) 555-7331
City, State, ZIP	CITY, STATE 00000-0000

To be deposited on or before

January 17, 20--November 15, 20--December 15, 20--

.

FEDERAL DEPOSIT INFORMATION WORKSHEET
Employer
Identification Number	00-0004701	Name	QUALITY REPAIRS
Month Tax Year Ends	12	Amount of Deposit	fill in the blank 5
Type of Tax (Form)	fill in the blank 6	Tax Period	1st quarter2nd quarter3rd quarter4th quarter
Address	10 SUMMIT SQUARE	Phone Number	(501) 555-7331
City, State, ZIP	CITY, STATE 00000-0000

To be deposited on or before

January 17, 20--November 15, 20--December 15, 20--

.

FEDERAL DEPOSIT INFORMATION WORKSHEET
Employer
Identification Number	00-0004701	Name	QUALITY REPAIRS
Month Tax Year Ends	12	Amount of Deposit	fill in the blank 9
Type of Tax (Form)	fill in the blank 10	Tax Period	1st quarter2nd quarter3rd quarter4th quarter
Address	10 SUMMIT SQUARE	Phone Number	(501) 555-7331
City, State, ZIP	CITY, STATE 00000-0000

To be deposited on or before

January 15, 20--November 16, 20--December 15, 20--

.

b. Employer's Quarterly Federal Tax Return, Form 941. The form is signed by you as president on January 31, 20--.

Hint: Line 7 instructions. Fill in Form 941 through line 6, and then fill in Part 2, line 16 or Schedule B. Take that information and fill in line 10. Lines 6 and 10 must equal. If the amounts are not the same, correct by entering amount to make equal on line 7. Line 7 differences are caused by how calculations are made on Form 941 and the amounts withheld from employee's earning plus the employer's payroll tax amounts each pay.