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Self-Study Problem 9.4 For the first quarter of 2018, Charlotte York has two employees. The payroll...

Self-Study Problem 9.4

For the first quarter of 2018, Charlotte York has two employees. The payroll information for these two employees for the first quarter is as follows:

Mary Chris
January February March January February March
Gross wages $2,000 $2,000 $2,100 $1,000 $1,000 $1,500
Federal income tax withheld 230 230 235 60 60 180
FICA tax withheld 153 153 161 77 77 115

Charlotte deposited $750 on February 15, $750 on March 15, and $967 on April 15.

Using this information, complete page 1 of Charlotte's Form 941 for the first quarter of 2018.

If an amount box does not require an entry or the answer is zero, enter "0". If required, round your answers to two decimal places. Enter all amounts as positive numbers.

Form941 for 2018:
(Rev. January 2018)		 Employer's QUARTERLY Federal Tax Return
Department of the Treasury — Internal Revenue Service		 950117
OMB No. 1545-0029
Employer identification number (EIN)
9 4 – 0 0 0 1 1 1 2
Name (not your trade name) Charlotte York
Trade name (if any)
Address
Number Street Suite or room number
City State ZIP code
Foreign country name   Foreign province/county Foreign postal code
Report for this Quarter of 2018
(Check one.)
☒ 1: January, February, March
◻ 2: April, May, June
◻ 3: July, August, September
◻ 4: October, November, December

Go to www.irs.gov/Form941 For instructions and the latest information.
Read the separate instructions before you complete Form 941. Type or print within the boxes.
Part 1:   Answer these questions for this quarter.
  1 Number of employees who received wages, tips, or other compensation for the pay period including: Mar. 12 (Quarter 1), June 12 (Quarter 2), Sept. 12 (Quarter 3), or Dec. 12 (Quarter 4) 1
  2 Wages, tips, and other compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
  3 Federal income tax withheld from wages, tips, and other compensation . . . . . . . . . . . . . . . . . . . . . . . . . 3
  4 If no wages, tips, and other compensation are subject to social security or Medicare tax ◻ Check and go to line 6.
  Column 1   Column 2
5a Taxable social security wages . . . . . x 0.124 =
5b Taxable social security tips . . . . . . . . x 0.124 =
5c Taxable Medicare wages & tips . . . . . x 0.029 =
5d Taxable wages & tips subject to
Additional Medicare Tax withholding		 x 0.009 =
  5e Add Column 2 from lines 5a, 5b, 5c, and 5d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5e
  5f Section 3121(q) Notice and Demand—Tax due on unreported tips (see instructions) . . . . . . . . . . . . . . . 5f
  6 Total taxes before adjustments. Add lines 3, 5e, and 5f . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
  7 Current quarter's adjustment for fractions of cents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 0
  8 Current quarter's adjustment for sick pay . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
  9 Current quarter's adjustments for tips and group-term life insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
  10 Total taxes after adjustments. Combine lines 6 through 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
  11 Qualified small business payroll tax credit for the increasing research activities. Attach Form 8974 . . . 11
  12 Total taxes after adjustments and credits. Subtract line 11 from line 10 . . . . . . . . . . . . . . . . . . . . . . . . . 12
  13 Total deposits for this quarter, including overpayment applied from a prior quarter and overpayments applied from Form 941-X, 941-X (PR), 944-X, or 944-X (SP) filed in the current quarter . . . . . . 13
  14 Balance due. If line 12 is more than line 13, enter the difference and see instructions . . . . . . . . . . . . . . . . . . . . 14
  15 Overpayment. If line 13 is more than line 12, enter the difference   Check one: ☒ Apply to next return.   ◻ Send a refund.
▶ You MUST complete both pages of Form 941 and SIGN it. Next ➨
For Privacy Act and Paperwork Reduction Act Notice, see the back of the Payment Voucher. Cat. No. 17001Z Form 941 (Rev. 1-2018)
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Part 1: Answer these questions Tor this quarter. Number of employees who received wages, tips, or other compensation for the5e1 10336 5e Add Column 2 from lines 5a, 5b, 5c, and 5d 5f Section 3121(g) Notice and Demand-Tax due on unreported tips (see

11 Qualified small business payroll tax credit for increasing research activities. Attach Form 8974 11 12 Total taxes after a

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