Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help filling out Form 941 for my Payroll Project. I Can upload the necessary reports if someone can help? 1. Form 941, Employers

I need help filling out Form 941 for my Payroll Project. I Can upload the necessary reports if someone can help?

1. Form 941, Employers Quarterly Federal Tax Return. Use the total Quarterly numbers in the Payroll Report. The final wages paid to Virginia Russel and the Simple Plan total need to be deducted from the Line 2 total wages. Line 3 is the total quarterly FIT amount withheld. Line 5a wages are total quarterly wages paid less the amount paid to Joseph O'Neill in excess of the $113,700 cap on Social Security wages. While Line 5c is total quarterly wages. To calculate the Line 16 amounts, review the General Journal report for the total amount paid, in the transactions of 11/16/2014 and 12/15/2014 for months 1 & 2 and the total currant balances of accounts 19, 20 and 24 shown in the General Ledger report.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Reward And Benefits Audit

Authors: Michael Armstrong

1st Edition

1907766081, 978-1907766084

More Books

Students also viewed these Accounting questions