Complete Form 941 for the first quarter of the current year. ...
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Accounting
Complete Form 941 for the first quarter of the current year.
8A-1. The following is the monthly payroll of Andersen Company, owned by Donald Andersen. Employees are paid on the last day of each month. JANUARY Employee Sam Fish Joy Bryant Ariana Hess FICA Monthly Earnings YTD Earnings OASDI Medicare Federal Income Tax $1,900 $1,900 $117.80 $ 27.55 $ 264.00 3,150 3,150 195.30 45.68 351.00 3,760 3,760 233.12 54.52 498.00 $8,810 $8,810 $546.22 $127.75 $1,113.00 FEBRUARY Employee Sam Fish Joy Bryant Ariana Hess FICA Monthly Earnings YTD Earnings OASDI Medicare Federal Income Tax $2,220 $ 4,120 $137.64 $ 32.19 $ 308.00 3,500 6,650 217.00 50.75 321.00 3,780 7,540 234.36 54.81 430.00 $9,500 $18,310 $589.00 $137.75 $1,059.00 MARCH Employee Sam Fish Joy Bryant Ariana Hess FICA Monthly Earnings YTD Earnings OASDI Medicare Federal Income Tax $2,175 $ 6,295 $134.85 $ 31.54 $ 590.00 2,425 9,075 150.35 35.16 568.00 4,060 11,600 251.72 58.87 537.00 $8,660 $26,970 $536.92 $125.57 $1,695.00 Andersen Company is located at 2 Square Street, Marblehead, MA 01945. Its EIN is 29-3458822. The FICA tax rate for Social Security is 6.2% on up to $127,200 in earnings during the year, and Medicare is 1.45% on all earnings. The SUTA tax rate is 5.7% on the first $7,000. The FUTA tax rate is 0.6% on the first $7,000 of earnings. Andersen Company is classified as a monthly depositor for Form 941 taxes
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