Lidge Company of Texas (TX) is classified as a monthly depositor and pays its employees monthly. The following payroll information is for the second quarter of 20--.

WITHHOLDINGS										EMPLOYER'S
	Wages		OASDI		HI		FIT			OASDI		HI
April	$86,100		$5,338.20		$1,248.46		$9,650			$5,338.20		$1,248.45
May	92,500		5,735.00		1,341.26		10,005			5,735.00		1,341.25
June	73,400		4,550.80		1,064.30		8,995			4,550.80		1,064.30
Totals	$252,000		$15,624.00		$3,654.02		$28,650			$15,624.00		$3,654.00
The number of employees on June 12, 20-- was 11.

a. Complete the following portion of Form 941. If an amount box does not require an entry, leave it blank.

Part 1:

Answer these questions for this quarter.

1

Number of employees who received wages, tips, or other compensation for the pay period including: June 12 (Quarter 2), Sept. 12 (Quarter 3), or Dec. 12 (Quarter 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1

fill in the blank 52a59d0a5ffd051_1

2

Wages, tips, and other compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2

fill in the blank 52a59d0a5ffd051_2

3

Federal income tax withheld from wages, tips, and other compensation . . . . . . . . . . . . . . . . . . . . . . .

3

fill in the blank 52a59d0a5ffd051_3

4

If no wages, tips, and other compensation are subject to social security or Medicare tax

Check and go to line 6.

		Column 1		Column 2
5a	Taxable social security wages . . . . . . . . . . . .	fill in the blank 52a59d0a5ffd051_4	x 0.124 =	fill in the blank 52a59d0a5ffd051_5
5a	(i) Qualified sick leave wages . . . . . . . . . . . .	fill in the blank 52a59d0a5ffd051_6	x 0.062 =	fill in the blank 52a59d0a5ffd051_7
5a	(ii) Qualified family leave wages . . . . . . . . .	fill in the blank 52a59d0a5ffd051_8	x 0.062 =	fill in the blank 52a59d0a5ffd051_9
5b	Taxable social security tips . . . . . . . . . . . . . .	fill in the blank 52a59d0a5ffd051_10	x 0.124 =	fill in the blank 52a59d0a5ffd051_11
5c	Taxable Medicare wages & tips . . . . . . . . . . .	fill in the blank 52a59d0a5ffd051_12	x 0.029 =	fill in the blank 52a59d0a5ffd051_13
5d	Taxable wages & tips subject to Additional Medicare Tax withholding	fill in the blank 52a59d0a5ffd051_14	x 0.009 =	fill in the blank 52a59d0a5ffd051_15

5e

Total social security and Medicare taxes. Add Column 2 from lines 5a, 5a(i), 5a(ii), 5b, 5c, and 5d . . . . . . .

5e

fill in the blank 52a59d0a5ffd051_16

5f

Section 3121(q) Notice and DemandTax due on unreported tips (see instructions) . . . . . . . . . . . . . . .

5f

fill in the blank 52a59d0a5ffd051_17

6

Total taxes before adjustments. Add lines 3, 5e, and 5f . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6

fill in the blank 52a59d0a5ffd051_18

7

Current quarter's adjustment for fractions of cents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7

fill in the blank 52a59d0a5ffd051_19

8

Current quarter's adjustment for sick pay . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8

fill in the blank 52a59d0a5ffd051_20

9

Current quarter's adjustments for tips and group-term life insurance . . . . . . . . . . . . . . . . . . . . . . . . .

9

fill in the blank 52a59d0a5ffd051_21

10

Total taxes after adjustments. Combine lines 6 through 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10

fill in the blank 52a59d0a5ffd051_22

11a

Qualified small business payroll tax credit for increasing research activities. Attach Form 8974 . . . . . .

11a

fill in the blank 52a59d0a5ffd051_23

11b

Nonrefundable portion of credit for qualified sick and family leave wages from Worksheet 1 . . . . . .

11b

fill in the blank 52a59d0a5ffd051_24

11c

Nonrefundable portion of employee retention credit from Worksheet 1 . . . . . . . . . . . . . . . . . . . . . . .

11c

fill in the blank 52a59d0a5ffd051_25

Source: Internal Revenue Service

b. Complete the following portion of Form 941. If an amount box does not require an entry, leave it blank. If required, round your answers to the nearest cent.

Part 1:

Answer these questions for this quarter. (continued)

11d	Total nonrefundable credits. Add lines 11a, 11b, and 11c. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	11d	fill in the blank 9a9faf053fdd016_1
12	Total taxes after adjustments and nonrefundable credits. Subtract line 11d from line 10 . . . . . . . . . . . .	12	fill in the blank 9a9faf053fdd016_2
13a	Total deposits for this quarter, including overpayment applied from a prior quarter and overpayments applied from Form 941-X, 941-X (PR), 944-X, or 944-X (SP) filed in the current quarter . . . . . . . . . .	13a	fill in the blank 9a9faf053fdd016_3
13b	Deferred amount of the employer share of social security tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	13b	fill in the blank 9a9faf053fdd016_4
13c	Refundable portion of credit for qualified sick and family leave wages from Worksheet 1 . . . . . . . . . .	13c	fill in the blank 9a9faf053fdd016_5
13d	Refundable portion of employee retention credit from Worksheet 1 . . . . . . . . . . . . . . . . . . . . . . . . . .	13d	fill in the blank 9a9faf053fdd016_6
13e	Total deposits, deferrals, and refundable credits. Add lines 13a, 13b, 13c, and 13d . . . . . . . . . . . . . . . . .	13e	fill in the blank 9a9faf053fdd016_7
13f	Total advances received from filing Form(s) 7200 for the quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . .	13f	fill in the blank 9a9faf053fdd016_8
13g	Total deposits, deferrals, and refundable credits less advances. Subtract line 13f from line 13e . . . . . . .	13g	fill in the blank 9a9faf053fdd016_9
14	Balance due. If line 12 is more than line 13g, enter the difference and see instructions . . . . . . . . . . . . . . . . .	14	fill in the blank 9a9faf053fdd016_10
15	Overpayment. If line 13g is more than line 12, enter the difference fill in the blank 9a9faf053fdd016_11 Check one: Apply to next return. Send a refund

Source: Internal Revenue Service

c. From the information presented above, complete Part 2 of Form 941. Round your answers to the nearest cent.

Part 2:

Tell us about your deposit schedule and tax liability for this quarter.

If you're unsure about whether you're a monthly schedule depositor or a semiweekly schedule depositor, see section 11 of Pub. 15.

16 Check one:

abc

a.

Line 12 on this return is less than $2,500 or line 12 on the return for the prior quarter was less than $2,500, and you didn't incur a $100,000 next-day deposit obligation during the current quarter. If line 12 for the prior quarter was less than $2,500 but line 12 on this return is $100,000 or more, you must provide a record of your federal tax liability. If you're a monthly schedule depositor, complete the deposit schedule below; if you're 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	fill in the blank 29b65cf2f040fa5_2
	Month 2	fill in the blank 29b65cf2f040fa5_3
	Month 3	fill in the blank 29b65cf2f040fa5_4
Total liability for quarter		fill in the blank 29b65cf2f040fa5_5	Total must equal line 12.

c.

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. Go to Part 3.

You MUST complete all three pages of Form 941 and SIGN it.

Next

Page 2

Form 941 (Rev. 4-2020)

Source: Internal Revenue Service

d. What are the payment due dates of each of the monthly liabilities assuming all deposits were made on time, and the due date of the filing of Form 941 (year 20--)?

April 30May 1May 15June 15December 31	April liabilities
May 30June 6June 15July 1December 31	May liabilities
June 30July 10July 15August 1December 31	June liabilities
July 30August 5August 10September 1September 30	Form 941 due date