Ted Chase, the accountant for Black Company, must complete Form 941 for the first quarter of the current year. Ted gathered the needed data as presented in Problem 8B-2.

Suddenly called away to an urgent budget meeting, Ed requested that you assist him by preparing the Form 941 for the first quarter. Please note that the difference in the tax liability, a few cents, should be adjusted on line 7a; this difference is due to the rounding of FICA taxamounts.

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JANUARY FICA Employee Monthly Earnings YTD Eaig ASDI Medicare Federal Inco Tax Sam Fish Justine Bryant Alison Pickens $1,970 3,210 3,800 $8,980 $1,970 3,210 3,800 $8,980 $122.14 $ 28.57 46.55 55.10 $556.76 $130.22 $ 264.00 357.00 506.00 1,127.00 199.02 235.60 FEBRUARY FICA Employee Sam Fish Justine Bryant Alison Pickens Monthly Earnings YTD Earnings OASDI Medicare Federal Income Tax $2,110 3,360 3,850 $9,320 4,080 6,570 7,650 $18,300 $130.82 30.60 48.72 55.83 $577.84 $135.15 S 296.00 327.00 418.00 1,041.00 208.32 238.70 MARCH FICA Employee Sam Fish Justine Bryant Alison Pickens Monthly Earnings YTD Earnings OASDI Medicare Federal Income Tax 2,175 2,525 4,050 8,750 S6,255 $134.85 31.54 36.61 51.10 58.73 $542.50 $126.88 9,095 11,700 $27,050 S 592.00 558.00 543.00 1,693.00 156.55