Self Study Problem 9 4 For the first quarter of 2018, Charlotte York has two employees The payroll information for these two employees for the first quarter is as follows Mary Chris January February March January February March Gross wages $2,000 $2,000 $2,100 $1,000 $1,000 $1,500 Federal income tax withheld 230 230 235 60 60 180 FICA tax withheld 153 153 161 77 77 115 Charlotte deposited $750 on February 15, $750 on March 15, and $967 on April 15 Using this information, complete page 1 of Charlotte's Form 941 for the first quarter of 2018 If an amount box does not require an entry or the answer is zero, enter 0 If required, round your answers to two decimal places Enter all amounts as positive numbers Form 941 for 2018 (Rev January 2018) Employer's QUARTERLY Federal Tax Return Department of the Treasury Internal Revenue Service 950117 OMB No 1545 0029 Employer identification number (EIN) 9 4 0 0 0 1 1 1 2 Name (not your trade name) Charlotte York Trade name (if any) Address Number Street Suite or room number City State ZIP code Foreign country name Foreign province county Foreign postal code Report for this Quarter of 2018 (Check one ) 1 January, February, March 2 April, May, June 3 July, August, September 4 October, November, December Go to www irs gov Form941 For instructions and the latest information Read the separate instructions before you complete Form 941 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 2 Wages, tips, and other compensation 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 Column 1 Column 2 5a Taxable social security wages x 0 124 5b Taxable social security tips x 0 124 5c Taxable Medicare wages tips x 0 029 5d Taxable wages tips subject to Additional Medicare Tax withholding x 0 009 5e Add Column 2 from lines 5a, 5b, 5c, and 5d 5e 5f Section 3121(q) Notice and DemandTax due on unreported tips (see instructions) 5f 6 Total taxes before adjustments Add lines 3, 5e, and 5f 6 7 Current quarter's adjustment for fractions of cents 7 0 8 Current quarter's adjustment 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 11 Qualified small business payroll tax credit for the increasing research activities Attach Form 8974 11 12 Total taxes after adjustments and credits Subtract line 11 from line 10 12 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 15 Overpayment If line 13 is more than line 12, enter the difference Check one Apply to next return Send a refund 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 2018)

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Self-Study Problem 9.4 For the first quarter of 2018, Charlotte York has two employees. The payroll information for these two employees for the first quarter

Self-Study Problem 9.4

For the first quarter of 2018, Charlotte York has two employees. The payroll information for these two employees for the first quarter is as follows:

	*Mary*			*Chris*
	*January*	*February*	*March*	*January*	*February*	*March*
Gross wages	$2,000	$2,000	$2,100	$1,000	$1,000	$1,500
Federal income tax withheld	230	230	235	60	60	180
FICA tax withheld	153	153	161	77	77	115

Charlotte deposited $750 on February 15, $750 on March 15, and $967 on April 15.

Using this information, complete page 1 of Charlotte's Form 941 for the first quarter of 2018.

If an amount box does not require an entry or the answer is zero, enter "0". If required, round your answers to two decimal places. Enter all amounts as positive numbers.

_Form 941 for 2018: ^{(Rev. January 2018)}

Employer's QUARTERLY Federal Tax Return ^{Department of the Treasury Internal Revenue Service}

950117 _{OMB No. 1545-0029}

Employer identification number (EIN)

Name (not your trade name)

Charlotte York

Trade name (if any)

Address

^Number

^Street

^{Suite or room number}

^City

^State

^{ZIP code}

^{Foreign country name}

^{Foreign province/county}

^{Foreign postal code}

Report for this Quarter of 2018 (Check one.)

1:	January, February, March
2:	April, May, June
3:	July, August, September
4:	October, November, December
Go to www.irs.gov/Form941 For instructions and the latest information.

Read the separate instructions before you complete Form 941. Type or print within the boxes.

Part 1:

Answer these questions for this quarter.

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)

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

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

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 . . . . .		x 0.124 =
5b	Taxable social security tips . . . . . . . .		x 0.124 =
5c	Taxable Medicare wages & tips . . . . .		x 0.029 =
5d	Taxable wages & tips subject to Additional Medicare Tax withholding		x 0.009 =

Add Column 2 from lines 5a, 5b, 5c, and 5d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

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

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

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

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

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

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

Total taxes after adjustments and credits. Subtract line 11 from line 10 . . . . . . . . . . . . . . . . . . . . . . . . .

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 . . . . . .

Balance due. If line 12 is more than line 13, enter the difference and see instructions . . . . . . . . . . . . . . . . . . . .

Overpayment. If line 13 is more than line 12, enter the difference Check one: Apply to next return. Send a refund.

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. 1-2018)