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I just need line 2. What should I put in for wages, tips and compensation? Thanks The first quarter tax return needs to be filed
I just need line 2.
What should I put in for wages, tips and compensation?
Thanks
The first quarter tax return needs to be filed for Prevosti Farms and Sugarhouse by April 15, 2019. For the purpose of the taxes, assume the second February payroll amounts were duplicated for the March 9 and March 23 payroll periods and the new benefit elections went into effect as planned. The form was completed and signed on April 10, 2019. Benefit Information Health Insurance Life Insurance Long-term Care FSA 401(k) Gym Exclude: Federal Yes Yes Yes Yes Yes No FICA Yes Yes Yes Yes NO No Owner's name: Toni Prevosti Address: 820 Westminster Road, Bridgewater, VT 05520. Phone: 802-673-2636 Number of employees: 8 Gross quarterly wages: $32,085.15 Federal income tax withheld: $628.00 401(k) contributions: $1,259.90 Insurance withheld: $4,080.00 Gym membership: $90.00 (For the pay-period completed till March 23). Monthly Deposits Month 1 Month 2 Month 3 Amount $ 0 $ 2,008.18 $ 2,904.72 Required: Complete Form 941 for Prevosti Farms and Sugarhouse. Prevosti Farms and Sugarhouse was assigned EIN 22-6654454. Page 1 of Form 941. (Round your answers to 2 decimal places.) Form 941 for 2019: Employer's QUARTERLY Federal Tax Return 950117 Department of the Treasury - Internal Revenue Service OMB No. 1545-0029 Employer identification number (EIN) 22-6654454 Report for this Quarter 2019 (Check one.) Name (not your trade name) Toni Prevosti 1: January, February, March Trade name (if any) Prevosti Farms and Sugarhouse 2: April, May, June Address 820 Westminster Road 3: : July, August, September Number Street Suite or room number Bridgewater VT 05520 04: October, November, December , State (NN) ZIP code Instructions and prior-year forms are available at Foreign country name Foreign Province/county Foreign Postal code 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 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 8 2 Wages, tips, and other compensation 3 Federal income tax withheld from wages, tips, and other compensation 3 628.00 4 If no wages, tips, and other compensation are subject to social security or Medicare tax Check and go to line 6. City Column 1 0.00 X 0.124 X 0.124 X 0.029 X 0.009 Column 2 0.00 0.00 0.00 0.00 0.00 5a Taxable social security wages 5b Taxable social security tips 5c Taxable Medicare wages & tips 5d Taxable wages & tips subject to Additional Medicare Tax withholding 5e Add Column 2 from lines 5a, 5b, 5c, and 5d , 5f Section 3121(9) Notice and Demand - Tax due on unreported tips 6 Total taxes before adjustments. Add lines 3, 5e, and 5f 7 Current quarter's adjustments for fractions of cents 8 Current quarter's adiustments for sick pav 5e 5f (see instructions) 0.00 0.00 628.00 6 7 8 0.00 The first quarter tax return needs to be filed for Prevosti Farms and Sugarhouse by April 15, 2019. For the purpose of the taxes, assume the second February payroll amounts were duplicated for the March 9 and March 23 payroll periods and the new benefit elections went into effect as planned. The form was completed and signed on April 10, 2019. Benefit Information Health Insurance Life Insurance Long-term Care FSA 401(k) Gym Exclude: Federal Yes Yes Yes Yes Yes No FICA Yes Yes Yes Yes NO No Owner's name: Toni Prevosti Address: 820 Westminster Road, Bridgewater, VT 05520. Phone: 802-673-2636 Number of employees: 8 Gross quarterly wages: $32,085.15 Federal income tax withheld: $628.00 401(k) contributions: $1,259.90 Insurance withheld: $4,080.00 Gym membership: $90.00 (For the pay-period completed till March 23). Monthly Deposits Month 1 Month 2 Month 3 Amount $ 0 $ 2,008.18 $ 2,904.72 Required: Complete Form 941 for Prevosti Farms and Sugarhouse. Prevosti Farms and Sugarhouse was assigned EIN 22-6654454. Page 1 of Form 941. (Round your answers to 2 decimal places.) Form 941 for 2019: Employer's QUARTERLY Federal Tax Return 950117 Department of the Treasury - Internal Revenue Service OMB No. 1545-0029 Employer identification number (EIN) 22-6654454 Report for this Quarter 2019 (Check one.) Name (not your trade name) Toni Prevosti 1: January, February, March Trade name (if any) Prevosti Farms and Sugarhouse 2: April, May, June Address 820 Westminster Road 3: : July, August, September Number Street Suite or room number Bridgewater VT 05520 04: October, November, December , State (NN) ZIP code Instructions and prior-year forms are available at Foreign country name Foreign Province/county Foreign Postal code 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 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 8 2 Wages, tips, and other compensation 3 Federal income tax withheld from wages, tips, and other compensation 3 628.00 4 If no wages, tips, and other compensation are subject to social security or Medicare tax Check and go to line 6. City Column 1 0.00 X 0.124 X 0.124 X 0.029 X 0.009 Column 2 0.00 0.00 0.00 0.00 0.00 5a Taxable social security wages 5b Taxable social security tips 5c Taxable Medicare wages & tips 5d Taxable wages & tips subject to Additional Medicare Tax withholding 5e Add Column 2 from lines 5a, 5b, 5c, and 5d , 5f Section 3121(9) Notice and Demand - Tax due on unreported tips 6 Total taxes before adjustments. Add lines 3, 5e, and 5f 7 Current quarter's adjustments for fractions of cents 8 Current quarter's adiustments for sick pav 5e 5f (see instructions) 0.00 0.00 628.00 6 7 8 0.00Step by Step Solution
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