The first quarter tax return needs to be filed for Prevosti Farms and Sugarhouse by April 15, 2020. For the purpose of the taxes, assume the second February payroll amounts were duplicated for the March 6 and March 20 payroll periods and the new benefit elections went into effect as planned. The form was completed and signed on April 10, 2020. Benefit Information Health Insurance Life Insurance Long-term Care FSA 401(k) Gym Exempt Federal FICA Yes Yes Yes Yes Yes Yes Yes Yes Yes No No No Owner's name: Toni Prevosti Address: 820 Westminster Road, Bridgewater, VT 05520. Phone: 802-555-3456 Number of employees: 8 Gross quarterly wages: $31,54510 Federal income tax withheld: $367.00 401(k) contributions: $1,232.90 Insurance withheld: $4,080.00 Gym membership: $90.00 Monthly Deposits Month 1 Month 2 Month 3 Amount $0 $ 1,990.53 $ 2,682.52 Required: Complete Form 941 for Prevosti Farms and Sugarhouse Prevosti Farms and Sugarhouse was assigned EIN 22-6654454 -(NOTE): Instructions on format can be found on certain cells within the fomu 950120 Form 941 for 2020: Employer's QUARTERLY Federal Tax Return OMB No. 1545-0029 Department of the Treasury - Internal Revenue Service Employer identification number (EIN) 22-6654454 Report for this Quarter of 2020 (Check one.) Name (not your trade name) Toni Prevosti 1 January February, March Trade name (if any) Prevosti Farms and Sugarhouse O2 April May June Address 1820 Westminster Road 3 July August September Number Street Suite or room. number Bridgewater VT 05520 October November December City Stale (NN) ZIP code Instructions and prior-year forms are available at Foreign country name Foreign Province/county Foreign Postal code www.irs gov/form941 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: June 12 (Quarter 2), September 12 (Quarter 3), or December 12 (Quarter 4) 2 Wages, tips, and other compensation 2 3 Federal income tax withheld from wages, tips, and other compensation 3 367.00 4 If no wages, tips, and other compensation are subject to social security or Medicare tax Check and go to line 6. 5e 5f Column 1 Column 2 5a Taxable social security wages x 0.124 0.00 5a(i) Qualified sick leave wages 0.00 X 0.062 0.00 5a(ii) Qualified family leave wages 0.00 X 0.062 0.00 5b Taxable social security tips 0.00 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 0.00 X 0.009 0.00 5e Add Column 2 from lines 5 a, 5b, 5c, and 5d 2 , 5f Section 31219) Notice and Demand - Tax due on unreported tips (see instructions) 6 Total taxes before adjustments, Add lines 3.5e, and 5f 7 Current quarter's adjustments for fractions of cents 8 Current quarter's adjustments for sick pay 9 Current quarter's adjustments for tips and group-term life insurance 10 Total taxes after adjustments. Combine lines 6 through 9 11a Qualified small business payroll tax credit for increasing research activities Attach Form 8974 11b Nonrefundable portion of credit for qualified sick and family leave wages from Worksheet 1 11c Nonrefundable portion of employee retention credit from Worksheet 1 11d Total nonrefundable credits Add lines 11a 11b, and 11c 12 Total taxes after adjustments and credits. Subtract line 11d from line 10 13 Total densits for this arter includinn overnament annlied from anrior quarter and overayments annlied from Form MYT inni 6 7 8 9 0.00 0.00 367.00 0.00 0.00 0.00 367.00 10 0.00 0.00 11a 11b 110 11d 0.00 0.00 367.00 12 The first quarter tax return needs to be filed for Prevosti Farms and Sugarhouse by April 15, 2020. For the purpose of the taxes, assume the second February payroll amounts were duplicated for the March 6 and March 20 payroll periods and the new benefit elections went into effect as planned. The form was completed and signed on April 10, 2020. Benefit Information Health Insurance Life Insurance Long-term Care FSA 401(k) Gym Exempt Federal FICA Yes Yes Yes Yes Yes Yes Yes Yes Yes No No No Owner's name: Toni Prevosti Address: 820 Westminster Road, Bridgewater, VT 05520. Phone: 802-555-3456 Number of employees: 8 Gross quarterly wages: $31,54510 Federal income tax withheld: $367.00 401(k) contributions: $1,232.90 Insurance withheld: $4,080.00 Gym membership: $90.00 Monthly Deposits Month 1 Month 2 Month 3 Amount $0 $ 1,990.53 $ 2,682.52 Required: Complete Form 941 for Prevosti Farms and Sugarhouse Prevosti Farms and Sugarhouse was assigned EIN 22-6654454 -(NOTE): Instructions on format can be found on certain cells within the fomu 950120 Form 941 for 2020: Employer's QUARTERLY Federal Tax Return OMB No. 1545-0029 Department of the Treasury - Internal Revenue Service Employer identification number (EIN) 22-6654454 Report for this Quarter of 2020 (Check one.) Name (not your trade name) Toni Prevosti 1 January February, March Trade name (if any) Prevosti Farms and Sugarhouse O2 April May June Address 1820 Westminster Road 3 July August September Number Street Suite or room. number Bridgewater VT 05520 October November December City Stale (NN) ZIP code Instructions and prior-year forms are available at Foreign country name Foreign Province/county Foreign Postal code www.irs gov/form941 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: June 12 (Quarter 2), September 12 (Quarter 3), or December 12 (Quarter 4) 2 Wages, tips, and other compensation 2 3 Federal income tax withheld from wages, tips, and other compensation 3 367.00 4 If no wages, tips, and other compensation are subject to social security or Medicare tax Check and go to line 6. 5e 5f Column 1 Column 2 5a Taxable social security wages x 0.124 0.00 5a(i) Qualified sick leave wages 0.00 X 0.062 0.00 5a(ii) Qualified family leave wages 0.00 X 0.062 0.00 5b Taxable social security tips 0.00 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 0.00 X 0.009 0.00 5e Add Column 2 from lines 5 a, 5b, 5c, and 5d 2 , 5f Section 31219) Notice and Demand - Tax due on unreported tips (see instructions) 6 Total taxes before adjustments, Add lines 3.5e, and 5f 7 Current quarter's adjustments for fractions of cents 8 Current quarter's adjustments for sick pay 9 Current quarter's adjustments for tips and group-term life insurance 10 Total taxes after adjustments. Combine lines 6 through 9 11a Qualified small business payroll tax credit for increasing research activities Attach Form 8974 11b Nonrefundable portion of credit for qualified sick and family leave wages from Worksheet 1 11c Nonrefundable portion of employee retention credit from Worksheet 1 11d Total nonrefundable credits Add lines 11a 11b, and 11c 12 Total taxes after adjustments and credits. Subtract line 11d from line 10 13 Total densits for this arter includinn overnament annlied from anrior quarter and overayments annlied from Form MYT inni 6 7 8 9 0.00 0.00 367.00 0.00 0.00 0.00 367.00 10 0.00 0.00 11a 11b 110 11d 0.00 0.00 367.00 12