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I need a step 4 for this. https://www.coursehero.com/u/file/74022976/1-Month-Project-Steps-1-3-KEY-F20pdf/#question Complete Form 941 for the 4th quarter. Note that based on the lookback period, the company is

I need a step 4 for this.

https://www.coursehero.com/u/file/74022976/1-Month-Project-Steps-1-3-KEY-F20pdf/#question

Complete Form 941 for the 4th quarter. Note that based on the lookback period, the company is a monthly depositor. Assume that all necessary deposits were made on a timely basis and that the employer made deposits equal to the total amount owed for the quarter. Although Virginia quarterly state payroll forms are also filed by Ellipses Corp., you will not complete these. If directed to do so by your instructor, record the necessary journal entries associated with Form 941 (including those required for any tax payments made).

NOTE! Recall from the Form 941 Rounding Considerations section that quarter-and year-end tax figures should not be calculated based on the total taxable earnings for the respective quarter or year. Instead, to avoid rounding discrepancies, tax figures within Part 2 of Form 941 should be determined for each employee by adding the individual taxes across each pay period.

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Employee Name Medicare Earnings 401K FWT Earnings Federal Income Tax SS Earnings Social Security Tax Medicare Tax Source October November December Total Matched H. Cranston $ Given - October H. Cranston Given - November FWT A. Harrison Given - October SS (EE) $ A. Harrison Given - November Medicare (EE) SS (ER) J. Parker Given - November Given - November Medicare (ER) J. Parker for line 16 . Sternberg Dec. Earnings Record H. Cranston Dec. Earnings Record A. Harrison Total Paid: $ Value used in line 10 and 16 Dec. Earnings Record J. Parker Dec. Earnings Record P. Sternberg Note : Employer Medicare for December excludes the $27 of Additional $ $ Total Medicare Tax Levied on John Parker, as this amount is not matched by the 2.9% line 2 line 3 12.4% Tax Rate employer. $ $ 5a and 5c in column 2 form 941

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