Question
The first quarter tax return needs to be filed for Prevosti Farms and Sugarhouse by April 17, 2018. For the purpose of the taxes, assume
The first quarter tax return needs to be filed for Prevosti Farms and Sugarhouse by April 17, 2018. For the purpose of the taxes, assume the second February payroll amounts were duplicated for the March 10 and March 24 payroll periods and the new benefit elections went into effect as planned. The form was completed and signed on April 11, 2018.
Benefit InformationExclude:
FederalFICAHealth InsuranceYesYesLife InsuranceYesYesLong-term CareYesYesFSAYesYes401(k)YesNoGymNoNo
Owner's name: Toni Prevosti
Address: 850, Westminster Road, Bridgewater, VT, 00520.
Phone: 802-555-3456
Number of employees: 8
Quarterly wages: $32,010.19
Federal income tax withheld: $942.00
401(k) contributions: $1,257.65
Insurance withheld: $4,080.00
Gym membership: $90.00
Monthly DepositsAmountMonth 1$0Month 2$2,109.22Month 3$3,106.08
Required:
Complete Form 941 for Prevosti Farms and Sugarhouse. Prevosti Farms and Sugarhouse was assigned EIN 22-6654454.
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