Required information

[Wayland Custom Woodworking is a firm that manufactures custom cabinets and woodwork for business and residential customers. Students will have the opportunity to establish payroll records and to complete a month of payroll information for Wayland. Wayland Custom Woodworking is located at 1716 Nichol Street, Logan, Utah, 84321, phone number 435-555-9877. The owner is Mark Wayland. Waylands EIN is 91-7444533, and the Utah Employer Account Number is 99992901685WTH. Wayland has determined it will pay its employees on a semimonthly basis. Federal income tax should be computed using the percentage method.

The SUTA (UI) rate for Wayland Custom Woodworking is 2.6 percent on the first $35,300. The state withholding rate is 4.95 percent for all income levels, deductions, and and marital statuses, a table has been included to assist with calculations of state tax due for employees.

Specific instructions on how to complete each form can be found within the individual forms themselves. The employee information for Wayland has been presented again below, for convenience.

Employee Number	Name and Address	Payroll information
00-Chins	Anthony Chinson	Married, 1 Withholding allowance
	530 Sylvann Avenue	Exempt
	Logan, UT 84321	$24,000/year + commission
	435-555-1212	Start Date: 10/1/2019
	Job title: Account Executive	SSN: 511-22-3333
00-Wayla	Mark Wayland	Married, 5 withholding allowances
	1570 Lovett Street	Exempt
	Logan, UT 84321	$75,000/year
	435-555-1110	Start Date: 10/1/2019
	Job title: President/Owner	SSN: 505-33-1775
01-Peppi	Sylvia Peppinico	Married, 7 withholding allowances
	291 Antioch Road	Exempt
	Logan, UT 84321	$43,500/year
	435-555-2244	Start Date: 10/1/2019
	Job title: Craftsman	SSN: 047-55-9951
01-Varde	Stevon Varden	Married, 2 withholding allowances
	333 Justin Drive	Nonexempt
	Logan, UT 84321	$42,000/year
	435-555-9981	Start Date: 10/1/2019
	Job title: Craftsman	SSN: 022-66-1131
02-Hisso	Leonard Hissop	Single, 4 withholding allowances
	531 5th Street	Nonexempt
	Logan, UT 84321	$49,500/year
	435-555-5858	Start Date: 10/1/2019
	Job title: Purchasing/Shipping	SSN: 311-22-6698
00-Succe	Student Success	Single, 1 withholding allowance
	1650 South Street	Nonexempt
	Logan, UT 84321	$36,000/year
	435-556-1211	Start Date: 10/1/2019
	Job title: Accounting Clerk	SSN: 555-55-5555

Total deposits made for the quarter is $10,875.10. Monthly tax liability:

October	$	5,550.41
November		5,324.69
December		2,557.16

FUTA tax deposited for the year, including any overpayment applied from a prior year is $248.11.

Required:

1. Complete Form 941 for the remittance of quarterly federal taxes.

Complete Page 1 of Form 941. (Round your intermediate computations and final answers to 2 decimal places. Input all values as positive numbers.)

Form 941 for 2019:		Employer's QUARTERLY Federal Tax Return					950117
		Department of the Treasury - Internal Revenue Service					OMB No. 1545-0029
Employer identification number (EIN)		91-7444533			Report for this Quarter 2019 (Check one.)
Name (not your trade name)		Mark Wayland			1:radio button unchecked1 of 4	January, February, March
Trade name (if any)		Wayland Custom Woodworking			2:radio button unchecked2 of 4	April, May, June
Address	1716	Nichol Street			3:radio button unchecked3 of 4	July, August, September
	Number	Street		Suite or room number
	Logan		UT	84321	4:radio button checked4 of 4	October, November, December
	City		State (NN)	ZIP code
					Instructions and prior-year forms are available at www.irs.gov/form941.
	Foreign country name		Foreign Province/county	Foreign Postal code
Read the separate instructions before you complete this form. Please type or print within the boxes.
Part 1:	Answer these questions for this quarter.
1 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 4)
						1	6
2 Wages, tips, and other compensation (Enter amounts on line 2 that would also be included in box 1 of your employees' Forms W-2.)						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						Check and go to line 6.checkbox unchecked1 of 1
			Column 1		Column 2
5a Taxable social security wages				x 0.124	0.00
5b Taxable social security tips				x 0.124	0.00
5c Taxable Medicare wages & tips				x 0.029	0.00
5d Taxable wages & tips subject to Additional Medicare Tax withholding				x 0.009	0.00
5e Add Column 2 from lines 5a, 5b, 5c, and 5d						5e	0.00
5f Section 3121(q) Notice and Demand - Tax due on unreported tips				(see instructions)		5f
6 Total taxes before adjustments.		Add lines 3, 5e, and 5f				6	0.00
7 Current quarter's adjustments for fractions of cents						7
8 Current quarter's adjustments for sick pay						8
9 Current quarter's adjustments for tips and group-term life insurance						9
10 Total taxes after adjustments.		Combine lines 6 through 9				10	0.00
11 Qualified small business payroll tax credit for increasing research activities. Attach Form 8974						11
12 Total taxes after adjustments and credits. Subtract line 11 from line 10						12	0.00
13 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
						13
14 Balance due.	If line 12 is more than line 13, enter the difference and see instructions					14	0.00
15 Overpayment.	If line 13 is more than line 12, enter the difference			0.00	Check one:	Apply to next returncheckbox unchecked1 of 2	Send a refund.checkbox unchecked2 of 2
You MUST complete both pages of Form 941 and SIGN it.							Next
For Privacy Act and Paperwork Reduction Act Notice, see the back of the Payment Voucher.					Cat. No. 17001Z	Form 941 (Rev. 1-2019)
	THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. 2020 McGraw-Hill Education.