Paul Mickey operates a small business (employer identification number 34-1231234) located at 981 Nob Hill Blvd., Yakima, WA 98902. His payroll records for the first quarter of 2017 reflect the following: Employee Emmy M. Jack F. Avery F. Tiffany Y. Gross wages 3,000.00 1,450.00 1,700.00 4,200.00 Federal income tax withheld 180.00 27.00 49.00 278.00 FICA taxes 459.00 221.85 260.10 642.60 Paul is eligible to pay his withholding at the time he files his quarterly Form 941. Complete Form 941 for Paul for the first quarter of 2017.
if anyone operate a business and have employee working with you
must need to file IRS Form 941. When you calculate the amount to send to the IRS, in addition to federal income tax, the payment must reflect 6.2 percent of each employee’s wages, up to $128,400 in 2018. in the given case gross wages of each employees are less than $128400 so paul have to pay zero amount for 1st quarter of 2017 however he have to submit the form 941. |
Get Answers For Free
Most questions answered within 1 hours.