Index to Reports: Payroll Tab
Information required to fill out Federal IRS Form 941.
941 Report
1st Quarter
________________________________________________________________________ | |||||
Total Federal Wages and Tips (Box 2): |
$55,938.00 | ||||
Total Federal Tax Withheld (Box 3, 5): |
$10,940.79 | ||||
Total Social Security Wages (Box 6a): |
$58,746.00 |
* |
12.40% |
= |
$7,284.50 |
Total Social Security Tips (Box 6b): |
$0.00 |
* |
12.40% |
= |
$0.00 |
Total Medicare Wages and Tips (Box 7): |
$58,746.00 |
* |
2.90% |
= |
$1,703.63 |
Total Social Security and Medicare Tax (Box 8): |
$8,988.13 | ||||
Total Taxes Excluding Adjustments (Box 11): |
$19,928.92 | ||||
Advanced Earned Income Credit (Box 12): |
$0.00 | ||||
Net Taxes Excluding Adjustments (Box 13): |
$19,928.92 |