Question
I am completely confused here need help. The taxable wages and withheld taxes for Stafford Company (EIN 00-0001462), semiweekly depositor, for the first quarter of
I am completely confused here need help.
The taxable wages and withheld taxes for Stafford Company (EIN 00-0001462), semiweekly depositor, for the first quarter of 2016 follow.
| Semimonthly Paydays | Gross and Taxable Wages | FICA Withheld OASDI | FICA Withheld HI | Federal Income Tax Withheld |
| 1/15 | $24,500 | $1,519.00 | $355.25 | $3,185.00 |
| 1/29 | 23,985 | 1,487.07 | 347.78 | 3,090.00 |
| 2/15 | 25,190 | 1,561.78 | 365.26 | 3,410.00 |
| 2/29 | 25,530 | 1,582.86 | 370.19 | 3,497.00 |
| 3/15 | 24,950 | 1,546.90 | 361.78 | 3,385.00 |
| 3/31 | 25,100 | 1,556.20 | 363.95 | 3,400.00 |
| $149,255 | $9,253.81 | $2,164.21 | $19,967.00 |
a. Complete Schedule B of Form 941 below for the first quarter for Steve Hazelton, the owner of Stafford Company.
If a box does not require an amount, leave it blank. If required, round your answers to nearest cent and use the rounded answers in subsequent computations. Round your final answers to the nearest cent.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Accounting Information For Business Decisions
Authors: Loren A Nikolai, Billie Cunningham, John D Bazley
3rd Edition
1111066884, 9781111066888
