Problem 9-12 Federal Tax Deposit System (LO 9.4) (COVID provisions) Drew Fogelman operates a small business and his payroll records for the second quarter of 2020 reflect the following: Employee Matt D Jack Avery Tiffany Y. Gross wages $3,000.00 $1,400.00 $1,800.00 $4,200.00 Federal income tax withheld 45.00 18.00 25.00 191.00 FICA taxes 459.00 214.20 275.40 642.60 Using the information from above, complete Form 941 and Worksheet 1 for Drew for the second quarter of 2020, Assume the following additional Information: Drew was eligible for the employee retention credit All of Jack's wages are for two weeks of sick pay. He was not paid for any other time in the second quarter All of Avery's wages cover 10 weeks of family leave. She was paid for no other time in the second quarter The allocation of health care costs is $600 for the quarter for each employee Enter all amounts as positive numbers. If required, round your answers to two decimal places. If your answer doesn't required any entry, leave Complete the Form 941 for for Drew for the second quarter of 2020. Form 941 for 2020: Employer's QUARTERLY Federal Tax Return (Rev. April 2020) Department of the Treasury - Internal Revenue Service 950120 OMB No 1545 0029 Employer identification number (EIN) 4 3 2 1 3 2 1 Name (not your trade name) Drew Fogelman Report for this Quarter of 2020 (Select one.) April May June Go to www.irs.gov/Form941 for Instructions and the latest information Trade name (if any) Address 732 Nob Hill Blvd Chat Problem 9-12 Federal Tax Deposit System (LO 9.4) (COVID provisions) Drew Fogelman operates a small business and his payroll records for the second quarter of 2020 reflect the following: Employee Matt D Jack Avery Tiffany Y. Gross wages $3,000.00 $1,400.00 $1,800.00 $4,200.00 Federal income tax withheld 45.00 18.00 25.00 191.00 FICA taxes 459.00 214.20 275.40 642.60 Using the information from above, complete Form 941 and Worksheet 1 for Drew for the second quarter of 2020, Assume the following additional Information: Drew was eligible for the employee retention credit All of Jack's wages are for two weeks of sick pay. He was not paid for any other time in the second quarter All of Avery's wages cover 10 weeks of family leave. She was paid for no other time in the second quarter The allocation of health care costs is $600 for the quarter for each employee Enter all amounts as positive numbers. If required, round your answers to two decimal places. If your answer doesn't required any entry, leave Complete the Form 941 for for Drew for the second quarter of 2020. Form 941 for 2020: Employer's QUARTERLY Federal Tax Return (Rev. April 2020) Department of the Treasury - Internal Revenue Service 950120 OMB No 1545 0029 Employer identification number (EIN) 4 3 2 1 3 2 1 Name (not your trade name) Drew Fogelman Report for this Quarter of 2020 (Select one.) April May June Go to www.irs.gov/Form941 for Instructions and the latest information Trade name (if any) Address 732 Nob Hill Blvd Chat
