Question
The first quarter tax return needs to be filed for Prevosti Farms and Sugarhouse by April 15, 2019. For the purpose of the taxes, assume
The first quarter tax return needs to be filed for Prevosti Farms and Sugarhouse by April 15, 2019. For the purpose of the taxes, assume the second February payroll amounts were duplicated for the March 9 and March 23 payroll periods and the new benefit elections went into effect as planned. The form was completed and signed on April 10, 2019. The gym membership is for a dedicated facility for employees and spouses. Benefit Information Exclude: Federal FICA Health Insurance Yes Yes Life Insurance Yes Yes Long-term Care Yes Yes FSA Yes Yes 401(k) Yes No Gym No No Owner's name: Toni Prevosti Address: 820 Westminster Road, Bridgewater, VT 05520. Phone: 802-673-2636 Number of employees: 8 Gross quarterly wages: $32,085.15 Federal income tax withheld: $628.00 401(k) contributions: $1,259.90 Insurance withheld: $4,080.00 Gym membership: $90.00 (For the pay-period completed till March 23). Monthly Deposits Amount Month 1 $ 0 Month 2 $ 2,008.18 Month 3 $ 2,904.72 Required: Complete Form 941 for Prevosti Farms and Sugarhouse. Prevosti Farms and Sugarhouse was assigned EIN 22- 6654454.
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