941 Report Report Description Reports list 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 l 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
