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Stan Barker opened Quik-Stop Market on January 2, 2019. The business is subject to FICA taxes. At the end of the first quarter of 2019, Barker, as president of the company, must file Form 941, Employer’s Quarterly Federal Tax Return. Using Form 941 (Parts 1 through 5), reproduced on pages 3-61 and 3-62, prepare, sign, and date the return on the basis of the information shown below. Each employee is paid semimonthly on the 15th and last day of each month. Shown below is the payroll information for the first quarter of 2019. All pay periods were the same. The total taxes per payday are: None of the employees reported tips during the quarter.

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PAYROLL ACCT., 2019 ED.(LL)-TEXT

19th Edition
BIEG
Publisher: CENGAGE L
ISBN: 9781337619783
Chapter 3, Problem 13PB
Textbook Problem
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Stan Barker opened Quik-Stop Market on January 2, 2019. The business is subject to FICA taxes. At the end of the first quarter of 2019, Barker, as president of the company, must file Form 941, Employer’s Quarterly Federal Tax Return. Using Form 941 (Parts 1 through 5), reproduced on pages 3-61 and 3-62, prepare, sign, and date the return on the basis of the information shown below.

Chapter 3, Problem 13PB, Stan Barker opened Quik-Stop Market on January 2, 2019. The business is subject to FICA taxes. At , example  1

Each employee is paid semimonthly on the 15th and last day of each month. Shown below is the payroll information for the first quarter of 2019. All pay periods were the same.

Chapter 3, Problem 13PB, Stan Barker opened Quik-Stop Market on January 2, 2019. The business is subject to FICA taxes. At , example  2

The total taxes per payday are:

Chapter 3, Problem 13PB, Stan Barker opened Quik-Stop Market on January 2, 2019. The business is subject to FICA taxes. At , example  3

None of the employees reported tips during the quarter.

Chapter 3, Problem 13PB, Stan Barker opened Quik-Stop Market on January 2, 2019. The business is subject to FICA taxes. At , example  4Chapter 3, Problem 13PB, Stan Barker opened Quik-Stop Market on January 2, 2019. The business is subject to FICA taxes. At , example  5

To determine

Complete Form 941for Person SB of Company QS.

Explanation of Solution

Form 941: Form 941 is a tax return form that should be filed by the employer at every quarter for the FICA taxes and withheld income taxes for the three months of every calendar quarter by using the Form 941 which is the Employer’s Quarterly Federal Tax Return. Form 941 can be submitted using the electronic mode by filing through the Form 941 e-file program.

Complete Form 941for Person SB of Company QS...

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Chapter 3 Solutions

PAYROLL ACCT.,2019 ED.(LL)-TEXT
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