5a Taxable social security wages. 5a (i) Qualified sick leave wages. 5a (ii) Qualified family leave wages 5b Taxable social security tips... 5c Taxable Medicare wages & tips.. 5d Taxable wages & tips subject to Column 1 55,890.00✔ x 0.124 = 0 ✓ x 0.062 = 0 0 x 0.062 = ✓x 0.124 = x 0.029 = ✓x 0.009 = Column 2 Additional Medicare Tax withholding 5e Total social security and Medicare taxes. Add Column 2 from lines 5a, 5a(i), 5a(ii), 5b, 5c, and 5d. 6,930.36 0 0 0
5a Taxable social security wages. 5a (i) Qualified sick leave wages. 5a (ii) Qualified family leave wages 5b Taxable social security tips... 5c Taxable Medicare wages & tips.. 5d Taxable wages & tips subject to Column 1 55,890.00✔ x 0.124 = 0 ✓ x 0.062 = 0 0 x 0.062 = ✓x 0.124 = x 0.029 = ✓x 0.009 = Column 2 Additional Medicare Tax withholding 5e Total social security and Medicare taxes. Add Column 2 from lines 5a, 5a(i), 5a(ii), 5b, 5c, and 5d. 6,930.36 0 0 0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
5
Transcribed Image Text: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:
Mar. 12 (Quarter 1), June 12 (Quarter 2), Sept. 12 (Quarter 3), or Dec. 12 (Quarter 4).
Wages, tips, and other compensation.
2
3
5a Taxable social security wages.
5a (i) Qualified sick leave wages..
5a (ii) Qualified family leave wages . . . . .
5b Taxable social security tips.....
5c Taxable Medicare wages & tips..
5d Taxable wages & tips subject to
Federal income tax withheld from wages, tips, and other compensation...
If no wages, tips, and other compensation are subject to social security or Medicare tax
7
8
Additional Medicare Tax withholding
Column 1
55,890.00
0
0
0
x 0.124 =
x 0.062 =
Current quarter's adjustments for tine and aroun-term life insurance
x 0.062 =
x 0.124 =
x 0.029 =
5e Total social security and Medicare taxes. Add Column 2 from lines 5a, 5a(i), 5a(ii), 5b, 5c, and 5d
5f Section 3121(q) Notice and Demand-Tax due on unreported tips (see instructions)
6
Total taxes before adjustments. Add lines 3, 5e, and 5f
Current quarter's adjustment for fractions of cents ..
Current quarter's adjustment for sick pay.
x 0.009 =
Column 2
6,930.36
1
2
3-
5e
51
6
8
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