Prepare the quarterly Form 941, the quarterly SUTA Form, and the annual 940 Form. The SUTA Rate is 3.50%

Exam 2- Part 2 941, SUTA and 940 Tax Return Preparation 50 Points Ingram Heating & Cooling reports the following earnings and deductions for their employees for the 1st quarter of the year Total Net Inc. Tax nc. Tax Deductions Pay State Tota Federal Earnings Inc. Tax OASDI City ss # 123-45-6789 10489.00 1211.00 650.32 152.09 187.20 220.27 2420.88 8068.12 234-56-7890 10477.00 1209.00 649.57 51.92 228.67 220.02 2459.18 8017.82 345-67-8900 10695.00 1131.00 663.09 55.08 191.49 224.60 2365.26 8329.74 456-78-9999 10258.00 1170.00 636.00 148.74 228.67 215.42 2398.83 7859.17 HI Roy Bell Karl Radek Marie Rossi John Scott 1st quarter totals 41919.00 4721.00 2598.98 607.83 836.03 880.31 9644.15 32274.85 Requirements: Use the forms attached. Attach document with calculations for partial credit. 1. Prepare the quarterly Form 941 (26 Points) Monthly 941 liabilities:Jan. S 3,565.10, Feb. $3,615.70, March S3,953.82 Monthly deposits for the quarter were $3,556.10, Feb. S3,615.70, March $3,953.82 Do not worry about their EIN Number or Address 2. Prepare the quarterly SUTA Form. See rate on form provided. (8 Points) 3. Prepare the annual Form 940. (16 Points) Assume that the second, third, and the fourth quarter eanings are the same as the 1st qtr above for each employee Assume all Ohio SUTA contributions were made timely They did not make any FUTA deposits this year. Exam 2- Part 2 941, SUTA and 940 Tax Return Preparation 50 Points Ingram Heating & Cooling reports the following earnings and deductions for their employees for the 1st quarter of the year Total Net Inc. Tax nc. Tax Deductions Pay State Tota Federal Earnings Inc. Tax OASDI City ss # 123-45-6789 10489.00 1211.00 650.32 152.09 187.20 220.27 2420.88 8068.12 234-56-7890 10477.00 1209.00 649.57 51.92 228.67 220.02 2459.18 8017.82 345-67-8900 10695.00 1131.00 663.09 55.08 191.49 224.60 2365.26 8329.74 456-78-9999 10258.00 1170.00 636.00 148.74 228.67 215.42 2398.83 7859.17 HI Roy Bell Karl Radek Marie Rossi John Scott 1st quarter totals 41919.00 4721.00 2598.98 607.83 836.03 880.31 9644.15 32274.85 Requirements: Use the forms attached. Attach document with calculations for partial credit. 1. Prepare the quarterly Form 941 (26 Points) Monthly 941 liabilities:Jan. S 3,565.10, Feb. $3,615.70, March S3,953.82 Monthly deposits for the quarter were $3,556.10, Feb. S3,615.70, March $3,953.82 Do not worry about their EIN Number or Address 2. Prepare the quarterly SUTA Form. See rate on form provided. (8 Points) 3. Prepare the annual Form 940. (16 Points) Assume that the second, third, and the fourth quarter eanings are the same as the 1st qtr above for each employee Assume all Ohio SUTA contributions were made timely They did not make any FUTA deposits this year