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During the third calendar quarter of 20--, Bayview Inn, owned by Diane R. Peters, employed the persons listed below. Also given are the employees’ salaries or wages and the amount of tips reported to the owner. The tips were reported by the 10th of each month. The federal income tax and FICA tax to be withheld from the tips were estimated by the owner and withheld equally over the 13 weekly pay periods. The employer’s portion of FICA tax on the tips was estimated as the same amount. Employees are paid weekly on Friday. The following paydays occurred during this quarter: Taxes withheld for the 13 paydays in the third quarter follow: Based on the information given, complete Form 941 on the following pages for Diane R. Peters. Phone number: (901) 555-7959 Date filed: October 31, 20--

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

19th Edition
BIEG
Publisher: CENGAGE L
ISBN: 9781337619783
Chapter 3, Problem 14PA
Textbook Problem
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During the third calendar quarter of 20--, Bayview Inn, owned by Diane R. Peters, employed the persons listed below. Also given are the employees’ salaries or wages and the amount of tips reported to the owner. The tips were reported by the 10th of each month. The federal income tax and FICA tax to be withheld from the tips were estimated by the owner and withheld equally over the 13 weekly pay periods. The employer’s portion of FICA tax on the tips was estimated as the same amount.

Chapter 3, Problem 14PA, During the third calendar quarter of 20--, Bayview Inn, owned by Diane R. Peters, employed the , example  1

Employees are paid weekly on Friday. The following paydays occurred during this quarter:

Chapter 3, Problem 14PA, During the third calendar quarter of 20--, Bayview Inn, owned by Diane R. Peters, employed the , example  2

Taxes withheld for the 13 paydays in the third quarter follow:

Chapter 3, Problem 14PA, During the third calendar quarter of 20--, Bayview Inn, owned by Diane R. Peters, employed the , example  3

Based on the information given, complete Form 941 on the following pages for Diane R. Peters.

Phone number: (901) 555-7959

Date filed: October 31, 20--

Chapter 3, Problem 14PA, During the third calendar quarter of 20--, Bayview Inn, owned by Diane R. Peters, employed the , example  4Chapter 3, Problem 14PA, During the third calendar quarter of 20--, Bayview Inn, owned by Diane R. Peters, employed the , example  5

To determine

Complete Form 941for Person DRP of B Inn.

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...

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Chapter 3 Solutions

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