The taxable wages and withheld taxes for Stafford Company (EIN 00 0001462), semiweekly depositor, for the first quarter of 20 follow Semimonthly Paydays Gross and Taxable Wages FICA Withheld OASDI FICA Withheld HI Federal Income Tax Withheld 1 15 $24,600 $1,525 20 $356 70 $3,181 00 1 31 23,955 1,485 21 347 35 3,100 00 2 15 25,170 1,560 54 364 97 3,411 00 2 28 25,560 1,584 72 370 62 3,499 00 3 15 24,850 1,540 70 360 33 3,388 00 3 29 25,000 1,550 00 362 50 3,677 00 $149,135 $9,246 37 $2,162 47 $20,256 00 a Complete Schedule B of Form 941 below for the first quarter for Steve Hazelton, the owner of Stafford Company If a box does not require an amount, leave it blank Round your answers to the nearest cent Schedule B (Form 941) Report of Tax Liability for Semiweekly Schedule Depositors (Rev January 2017) Department of the Treasury Internal Revenue Service Employer identification number (EIN) Name (not your trade name) Calendar year (Also check quarter) OMB No 1545 0029 Report for this Quarter (Select one ) Use this schedule to show your TAX LIABILITY for the quarter don't use it to show your deposits When you file this form with Form 941 or Form 941 SS, don't change your tax liability by adjustments reported on any Forms 941 X or 944 X You must fill out this form and attach it to Form 941 or Form 941 SS if you're a semiweekly schedule depositor or became one because your accumulated tax liability on any day was $100,000 or more Write your daily tax liability on the numbered space that corresponds to the date wages were paid See Section 11 in Pub 15 for details Month 1 1 9 17 25 Tax liability for Month 1 2 10 18 26 3 11 19 27 4 12 20 28 5 13 21 29 6 14 22 30 7 15 23 31 8 16 24 Month 2 1 9 17 25 Tax liability for Month 2 2 10 18 26 3 11 19 27 4 12 20 28 5 13 21 29 6 14 22 30 7 15 23 31 8 16 24 Month 3 1 9 17 25 Tax liability for Month 3 2 10 18 26 3 11 19 27 4 12 20 28 5 13 21 29 6 14 22 30 7 15 23 31 8 16 24 Fill in your total liability for the quarter (Month 1 Month 2 Month 3) Total liability for the quarter Total must equal line 12 on Form 941 or Form 941 SS For Paperwork Reduction Act Notice, see separate instructions IRS gov form941 Cat No 11967Q Schedule B (Form 941) (Rev 1 2017) Source Internal Revenue Service b Using the calendar below, list the due dates of each deposit in the first quarter Paydays Deposit Due Dates January 15 January 31 February 15 February 28 March 15 March 29 Here are the deposit rules Monthly Depositor Reported $50,000 or less in lookback period Required deposits By the 15th of the following month (if not a banking day, next banking day) Semiweekly Depositor Reported More than $50,000 in lookback period Required deposits Within three business days of the semiweekly period (if any of the three weekdays is a nonbusiness day, add one additional business day to the due date) Payday on Wednesday, Thursday, or Friday due following Wednesday Payday on Saturday, Sunday, Monday, or Tuesday due following Friday One Day Rule Reported $100,000 or more in undeposited taxes on any day during a deposit period Required deposit Close of the next banking day Semiweekly status If an employer falls under the one day rule at any time during this year or last year No Deposits Reported Accumulated employment taxes of less than $2,500 for the whole calendar quarter Required deposit Pay with the filing of quarterly Form 941 or deposit by the end of month following the calendar quarter Unsure of $2,500 total Use the appropriate rules above Monthly Depositor Reported $50,000 or less in lookback period Required deposits By the 15th of the following month (if not a banking day, next banking day) Semiweekly Depositor Reported More than $50,000 in lookback period Required deposits Within three business days of the semiweekly period (if any of the three weekdays is a nonbusiness day, add one additional business day to the due date) Payday on Wednesday, Thursday, or Friday due following Wednesday Payday on Saturday, Sunday, Monday, or Tuesday due following Friday One Day Rule Reported $100,000 or more in undeposited taxes on any day during a deposit period Required deposit Close of the next banking day Semiweekly status If an employer falls under the one day rule at any time during this year or last year No Deposits Reported Accumulated employment taxes of less than $2,500 for the whole calendar quarter Required deposit Pay with the filing of quarterly Form 941 or deposit by the end of month following the calendar quarter Unsure of $2,500 total Use the appropriate rules above

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The taxable wages and withheld taxes for Stafford Company (EIN 00-0001462), semiweekly depositor, for the first quarter of 20-- follow. Semimonthly Paydays Gross and Taxable

The taxable wages and withheld taxes for Stafford Company (EIN 00-0001462), semiweekly depositor, for the first quarter of 20-- follow.

Semimonthly Paydays	Gross and Taxable Wages	FICA Withheld OASDI	FICA Withheld HI	Federal Income Tax Withheld
1/15	$24,600	$1,525.20	$356.70	$3,181.00
1/31	23,955	1,485.21	347.35	3,100.00
2/15	25,170	1,560.54	364.97	3,411.00
2/28	25,560	1,584.72	370.62	3,499.00
3/15	24,850	1,540.70	360.33	3,388.00
3/29	25,000	1,550.00	362.50	3,677.00
	$149,135	$9,246.37	$2,162.47	$20,256.00

a. Complete Schedule B of Form 941 below for the first quarter for Steve Hazelton, the owner of Stafford Company. If a box does not require an amount, leave it blank. Round your answers to the nearest cent.

Schedule B (Form 941):

Report of Tax Liability for Semiweekly Schedule Depositors

^{(Rev. January 2017)}

^{Department of the Treasury Internal Revenue Service}

Employer identification number (EIN)

Name (not your trade name)

Calendar year

(Also check quarter)

_{OMB No. 1545-0029}

Report for this Quarter... (Select one.)

Use this schedule to show your TAX LIABILITY for the quarter; don't use it to show your deposits. When you file this form with Form 941 or Form 941-SS, don't change your tax liability by adjustments reported on any Forms 941-X or 944-X. You must fill out this form and attach it to Form 941 or Form 941-SS if you're a semiweekly schedule depositor or became one because your accumulated tax liability on any day was $100,000 or more. Write your daily tax liability on the numbered space that corresponds to the date wages were paid. See Section 11 in Pub. 15 for details.

Month 1
1	9	17	25	Tax liability for Month 1
2	10	18	26
3	11	19	27
4	12	20	28
5	13	21	29
6	14	22	30
7	15	23	31
8	16	24
Month 2
1	9	17	25	Tax liability for Month 2
2	10	18	26
3	11	19	27
4	12	20	28
5	13	21	29
6	14	22	30
7	15	23	31
8	16	24
Month 3
1	9	17	25	Tax liability for Month 3
2	10	18	26
3	11	19	27
4	12	20	28
5	13	21	29
6	14	22	30
7	15	23	31
8	16	24
Fill in your total liability for the quarter (Month 1 + Month 2 + Month 3)				Total liability for the quarter
Total must equal line 12 on Form 941 or Form 941-SS.

For Paperwork Reduction Act Notice, see separate instructions.

IRS.gov/form941

Cat. No. 11967Q

Schedule B (Form 941) (Rev. 1-2017) Source: Internal Revenue Service

b. Using the calendar below, list the due dates of each deposit in the first quarter.

Paydays	Deposit Due Dates
January 15
January 31
February 15
February 28
March 15
March 29

Here are the deposit rules

image text in transcribed

Monthly Depositor Reported-$50,000 or less in lookback period. Required deposits - By the 15th of the following month (if not a banking day, next banking day). Semiweekly Depositor Reported - More than $50,000 in lookback period. Required deposits Within three business days of the semiweekly period (if any of the three weekdays is a nonbusiness day, add one additional business day to the due date). Payday on Wednesday, Thursday, or Friday due following Wednesday. Payday on Saturday, Sunday, Monday, or Tuesday-due following Friday One-Day Rule Reported-$100,000 or more in undeposited taxes on any day during a deposit period. Required deposit-Close of the next banking day. Semiweekly status - If an employer falls under the one-day rule at any time during this year or last year. No Deposits Reported Accumulated employment taxes of less than $2,500 for the whole calendar quarter. Required deposit-Pay with the filing of quarterly Form 941 or deposit by the end of month following the calendar quarter. Unsure of $2,500 total - Use the appropriate rules above. Monthly Depositor Reported-$50,000 or less in lookback period. Required deposits - By the 15th of the following month (if not a banking day, next banking day). Semiweekly Depositor Reported - More than $50,000 in lookback period. Required deposits Within three business days of the semiweekly period (if any of the three weekdays is a nonbusiness day, add one additional business day to the due date). Payday on Wednesday, Thursday, or Friday due following Wednesday. Payday on Saturday, Sunday, Monday, or Tuesday-due following Friday One-Day Rule Reported-$100,000 or more in undeposited taxes on any day during a deposit period. Required deposit-Close of the next banking day. Semiweekly status - If an employer falls under the one-day rule at any time during this year or last year. No Deposits Reported Accumulated employment taxes of less than $2,500 for the whole calendar quarter. Required deposit-Pay with the filing of quarterly Form 941 or deposit by the end of month following the calendar quarter. Unsure of $2,500 total - Use the appropriate rules above