The first-quarter tax retum needs to be filed for Prevosti Farms and Sugarhouse by April 30, 2023 For the taxes, assume the second February payroll amounts were duplicated for the March 10 and March 24 payrol periods, and the new benefit elections went into effect as planned. The form was completed and signed on April 11, 2023 Exempt Benefit Information Federal FICA Health Insurance Yes Yes Life Insurance Yes Yes Long-term Care Yes Yes FSA Yes Yes 401(k) Yes No бул No No Owner's name Address Phone Number of employees Gross quarterly wages lexclusive of fringe benefits) Federal income tax withheld 401(k) contributions Section 125 withheld Gym Membership (add to all taxable wages, not included above) Manth 1 Deposit Month 2 Deposit Month 3 Deposit Toni Prevosti 828 Westminster Road, Bridgewater, VT 05520. 882-555-3456 $ 38.720.96 $469.00 $ 1,514.27 $ 4,850.00 $ 90.00 50.00 $ 2,691.49 $3,091.35 Required: Complete Form 941 for Prevosti Farms and Sugarhouse. Prevosti Farms and Sugarhouse was assigned EIN 22-6654454 Note: Instructions on format can be found on certain cells within the forms
The first-quarter tax retum needs to be filed for Prevosti Farms and Sugarhouse by April 30, 2023 For the taxes, assume the second February payroll amounts were duplicated for the March 10 and March 24 payrol periods, and the new benefit elections went into effect as planned. The form was completed and signed on April 11, 2023 Exempt Benefit Information Federal FICA Health Insurance Yes Yes Life Insurance Yes Yes Long-term Care Yes Yes FSA Yes Yes 401(k) Yes No бул No No Owner's name Address Phone Number of employees Gross quarterly wages lexclusive of fringe benefits) Federal income tax withheld 401(k) contributions Section 125 withheld Gym Membership (add to all taxable wages, not included above) Manth 1 Deposit Month 2 Deposit Month 3 Deposit Toni Prevosti 828 Westminster Road, Bridgewater, VT 05520. 882-555-3456 $ 38.720.96 $469.00 $ 1,514.27 $ 4,850.00 $ 90.00 50.00 $ 2,691.49 $3,091.35 Required: Complete Form 941 for Prevosti Farms and Sugarhouse. Prevosti Farms and Sugarhouse was assigned EIN 22-6654454 Note: Instructions on format can be found on certain cells within the forms
Chapter3: Income Sources
Section: Chapter Questions
Problem 80P
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