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Quilt World has the following federal payroll tax liabilities for the current year: 1st Q = $305, 2nd Q = $332, 3rd Q = $101

Quilt World has the following federal payroll tax liabilities for the current year: 1st Q = $305, 2nd Q = $332, 3rd Q = $101 and in the 4th Q, they unfortunately closed (there was no liability). What payroll tax return must Quilt World utilize to report their employment taxes for the current year?

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Quilt World would utilize Form 941 also known as the Employers Quarterly Federal Tax Return to r... blur-text-image

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