Form 941
Response to the following problem:
During the third quarter of 2014, the Fillmore Restaurant (EIN 93- 0530660) located at 244 North Second Street, Fillmore, New York 14735-0022, withheld income and social security taxes from its five employees. It withheld income taxes of $3,117 from employees' wages and tips of $15,570. In addition, Fillmore withheld $912.95 of social security taxes on $14,725 of social security wages, and $52.39 of social security taxes on $845 of social security tips. It also withheld $225.77 of Medicare taxes on $15,570 of Medicare wages. During the quarter, Fillmore electronically deposited income and employment taxes as follows:
August 15, $1,833.52; September 15, $1,790.26; October 15, $1,875.43.
Data for quarterly wages and reported tips of employees is as follows:
|
Name
|
Total Wages
|
Social Security Wages
|
Taxable lips Reportes
|
|
Barker, J. R.
|
$ 7,025
|
$ 7,025
|
$315
|
|
Duwc, H. K.
|
3,000
|
3,000
|
180
|
|
Miller, M. M.
|
2,000
|
2,000
|
120
|
|
Pressman, R. M.
|
1,200
|
1,200
|
125
|
|
Smathers, H. H.
|
1,500
|
1,500
|
105
|
|
|
$14,725
|
$14,725
|
$845
|
Prepare the third quarter Form 941, Employer's QUARTERLY Federal Tax Return, for the Fillmore Restaurant, using the blank form provided on the pages that follow. Fillmore filed Form 941 and M. L. Wright, owner, signed it on October 25, 2014.