Calculate the amount the employer must send to the IRS. Employee's Federal Income Tax $4,848.00 Employee's...
Calculate the amount the employer must send to the IRS.
| Employee's Federal Income Tax | |
| $4,848.00 | |
| Employee's Social Security | |
| $1,945.86 | |
| Employee's Medicare | |
| $455.08 |
Homework Answers
In Form 941, the employer must report :
a. Income Taxes of Employee
b. Social Security taxes
c. Medicare Taxes
withheld from employee's paychecks.
Hence the employer must report all three of them. However, employer must send only Employer's portion of Social Security Taxes and Medicare taxes.
Hence amount to be sent = $1,945.86 + $455.08 = $2400.94
Add Answer to:
Calculate the amount the employer must send to the IRS.
Employee's Federal Income Tax
$4,848.00
Employee's...
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