I need help with parts 1 and two please. Thank you.

Problem 3-13B Note: For this edition, the 2014 federal income tax tables, FICA rates, OASDI rate of 6.2% on wages up to $117,000 and the employee and employer HI rate of 1.45% on all wages was used. Unless instructed otherwise, click here to calculate hourly rate and overtime rates. Stan Barker opened Quik-Stop Market on January 1, 2015. The business is subject to FICA taxes. At the end of the first quarter of 2015, Barker, as president of the company, must file Form 941, Employer's Quarterly Federal Tax Return. The company is a monthly depositor. sh is ar stu ed d vi y re aC s o ou urc rs e eH w er as o. co m Th Using Form 941 below, prepare, sign, and date the return on the basis of the information shown above. If required, round your answers to nearest cent and use the rounded answers in subsequent computations. Round your final answers to the nearest cent. If an input box does not require an entry, enter "0". Note: Lines 5a and 5c of Form 941, tax on total taxable wages, are computed by multiplying by the combined tax rate for both employer and employee. Small differences due to rounding may occur between this total and the total taxes withheld from employees each pay period and the amount of the employer's taxes calculated each pay period. This difference is reported on line 7 as a deduction or an addition as "Fractions of Cents." Form 941 for 20--: (Rev. January 2014) https://www.coursehero.com/file/11840338/Ch-3-Problem-31-b/ Employ er's QUART ERLY OMB No. 15450029 Federal Tax Return Department of the Treasury Internal Revenue Service Employer identification number (EIN) Name (not your trade name) STAN BARKER QUICK-STOP MARKET Report for this Quarter of 20-(Select one.) -Select your answerJanuary, February, MarchApril, May, JuneJuly, August, SeptemberOcto ber, November, DecemberItem 1 Instructions and prior year forms are available at www.irs.gov/ form941. sh is ar stu ed d vi y re aC s o ou urc rs e eH w er as o. co m Trade name (if any) 0 0 - 0 0 0 5 8 7 4 Addr ess 234 OAK Numbe Stree r t AUSTIN City TX State Suite or room numbe r 787110234 ZIP code Forei Foreign Forei gn province/c gn coun ounty post try al nam code e Read the separate instructions before you complete Form 941. Type or print within the boxes. Th Part 1: 1 Answer these questions for this quarter. https://www.coursehero.com/file/11840338/Ch-3-Problem-31-b/ 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 1 4) 2 Wages, tips, and other compensation . ................. ................. ................. 2 3 Federal income tax withheld from wages, tips, and other compensation . ................. ....... 3 4 If no wages, tips, and other compensation are subject to social security or Medicare tax sh is ar stu ed d vi y re aC s o ou urc rs e eH w er as o. co m Colum Colum n1 5a Taxable social security wages . . . . . 5 b Taxable social security tips . . . . . . .. 5c Taxable Medicare wages & tips . . . . . Taxable wages & tips subject to Additional Medicare Tax withholdin g Th 5 d 5e Check and go to line 6. 5f https://www.coursehero.com/file/11840338/Ch-3-Problem-31-b/ n2 x .12 4= x .12 4= x .02 9= x .00 9= Add Column 2 from 5e lines 5a, 5b, 5c, and 5d . . . . . . . . . . . . . . ................. ................ Section 3121(q) Notice and Demand Tax due on unreported tips (see instructions) . . . . . . . . ....... 5f Total taxes before adjustments. Add lines 3, 5e, and 5f . . . . ................. ................. . 6 7 Current quarter's adjustment for fractions of cents . . . ................. ................. .... 7 8 Current quarter's adjustment for sick pay . . . . . . . . . . . . . . ................. ................. 8 Current quarter's adjustments for tips and group-term life insurance . . . . . . . . . ................. . 9 Total taxes after adjustments. Combin e lines 6 through 9 . . . ................. ................. . 1 0 Total deposits for this quarter, including overpayment applied from a prior quarter and overpayments applied from Form 941-X, 941-X (PR), 944-X, 944-X (PR), or 944-X (SP) filed in the current quarter . . 1 1 Balance due. If line 10 is more than line 11, enter the difference and see instructions . . ................. . 1 2 9 10 11 Th 12 sh is ar stu ed d vi y re aC s o ou urc rs e eH w er as o. co m 6 13 https://www.coursehero.com/file/11840338/Ch-3-Problem-31-b/ Overpayment. If line 11 is more than line 10, enter the difference Check one: Apply to next return. Send a refund. You MUST complete both pages of Form 941 and SIGN it. For Privacy Act and Paperwork Reduction Act Notice, see the back of the Payment Voucher. Cat. No. 17001Z Form 941 (Rev. 1-2014) Name (not your trade name) Employer identification number (EIN) STAN BARKER Part 2: 00-0005874 Tell us about your deposit schedule and tax liability for this quarter. sh is ar stu ed d vi y re aC s o ou urc rs e eH w er as o. co m If you are unsure about whether you are a monthly schedule depositor or a semiweekly schedule depositor, see Pub. 15 (Circular E), section 11. 14 Check one: -Select your answer-abcItem 23 a. Line 10 on this return is less than $2,500 or line 10 on the return for the prior quarter was less than $2,500, and you did not incur a $100,000 next-day deposit obligation during the current quarter. If line 10 for the prior quarter was less than $2,500 but line 10 on this return is $100,000 or more, you must provide a record of your federal tax liability. If you are a monthly schedule depositor, complete the deposit schedule below; if you are a semiweekly schedule depositor, attach Schedule B (Form 941). Go to Part 3. b. You were a monthly schedule depositor for the entire quarter. Enter your tax liability for each month and total liability for the quarter, then go to Part 3. Tax liability: Month 1 Month 2 Month 3 Total liability for quarter Th c. Part 3: 15 16 Part 4: Total must equal line 10. You were a semiweekly schedule depositor for any part of this quarter. Complete Schedule B (Form 941), Report of Tax Liability for Semiweekly Schedule Depositors, and attach it to Form 941. Tell us about your business. If a question does NOT apply to your business, leave it blank. If your business has closed or you stopped paying wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Check here, and enter the final date you paid wages / / . If you are a seasonal employer and you do not have to file a return for every quarter of the year . . . . . . . . . . . . . . . . . Check here. May we speak with your third-party designee? https://www.coursehero.com/file/11840338/Ch-3-Problem-31-b/ Select a 5-digit Personal Identification Number (PIN) to use when talking to the IRS. Part 5: Do you want to allow an employee, a paid tax preparer, or another person to discuss this return with the IRS? See the instructions for details. No Designee's name and phone number Sign here. You MUST complete both pages of Form 941 and SIGN it. Date Print your name here Print your title here 4/30/15 Best daytime phone -Select your answer-Quik-Stop MarketStan BarkerItem 29 512-5551111 Preparer's name PTIN Preparer's signature Date Firm's name (or yours if self-employed) EIN Address Phone ZIP code Th Page 2 State Check if you are selfemployed . . . . -Select your answerPresidentVice PresidentChief CoordinatorItem 30 Paid Preparer Use Only City Form 941 (Rev. 1-2014) Source: Internal Revenue Service https://www.coursehero.com/file/11840338/Ch-3-Problem-31-b/ Powered by TCPDF (www.tcpdf.org) sh is ar stu ed d vi y re aC s o ou urc rs e eH w er as o. co m Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. / /