Complete Company J’s Part 1 of Form 941 for the third quarter.

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For the third quarter of the year, Johnson Company, 415 Circle Avenue, Chicago, Illinois 60652, received Form 941 from the Internal Revenue Service. The identification number of Johnson Company is 91-4213171. Its payroll for the quarter ended September 30 is as follows: TAXABLE EARNINGS DEDUCTIONS NAME TOTAL EARNINGS SOCIAL SECURITY MEDICARE FEDERAL INCOME TAX SOCIAL SECURITY TAX MEDICARE TAX Brown, D. D. 16,629.00 16,629.00 16,629.00 2,494.00 1,031.00 241.12 Carey, L. R. 18,528.00 18,528.00 18,528.00 2,780.00 1,148.74 268.66 Domzalski, T. P. 14,665.00 14,665.00 14,665.00 2,100.00 909.23 212.64 Grisson, R. O. 13,721.00 13,721.00 13,721.00 2,058.00 850.70 198.95 Tyler, J. L. 17,406.00 17,406.00 17,406.00 2,510.00 1,079.17 252.39 Valdez, K. R. 15,287.00 15,287.00 15,287.00 2,295.00 947.79 221.66 96,236.00 96,236.00 96,236.00 14,237.00 5,966.63 1,395.42 The company has had six employees throughout the year. Assume that the FICA Social Security (employer)…

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Chapter 8, Problem 3PA

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Complete Company J’s Part 1 of Form 941 for the third quarter.

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For the third quarter of the year, Johnson Company, 415 Circle Avenue, Chicago, Illinois 60652, received Form 941 from the Internal Revenue Service. The identification number of Johnson Company is 91-4213171. Its payroll for the quarter ended September 30 is as follows: TAXABLE EARNINGS DEDUCTIONS NAME TOTAL EARNINGS SOCIAL SECURITY MEDICARE FEDERAL INCOME TAX SOCIAL SECURITY TAX MEDICARE TAX Brown, D. D. 16,629.00 16,629.00 16,629.00 2,494.00 1,031.00 241.12 Carey, L. R. 18,528.00 18,528.00 18,528.00 2,780.00 1,148.74 268.66 Domzalski, T. P. 14,665.00 14,665.00 14,665.00 2,100.00 909.23 212.64 Grisson, R. O. 13,721.00 13,721.00 13,721.00 2,058.00 850.70 198.95 Tyler, J. L. 17,406.00 17,406.00 17,406.00 2,510.00 1,079.17 252.39 Valdez, K. R. 15,287.00 15,287.00 15,287.00 2,295.00 947.79 221.66 96,236.00 96,236.00 96,236.00 14,237.00 5,966.63 1,395.42 The company has had six employees throughout the year. Assume that the FICA Social Security (employer)…

Francisco Company has 10 employees, each of whom earns $2,500 per month and is paid on the last day of each month. All 10 have been employed continuously at this amount since January 1. On March 1, the following accounts and balances exist in its general ledger. FICA—Social Security Taxes Payable, $3,100; FICA—Medicare Taxes Payable, $726. (The balances of these accounts represent total liabilities for both the employer's and employees' FICA taxes for the February payroll only.) Employees' Federal Income Taxes Payable, $6,250 (liability for February only). Federal Unemployment Taxes Payable, $300 (liability for January and February together). State Unemployment Taxes Payable, $2,700 (liability for January and February together). The company had the following payroll transactions. Mar. 15 Issued check payable to Swift Bank, a federal depository bank authorized to accept employers' payments of FICA taxes and employee income tax withholdings. The $10,076 check is in payment of…

Francisco Company has 10 employees, each of whom earns $2,700 per month and is paid on the last day of each month. All 10 have been employed continuously at this amount since January 1. On March 1, the following accounts and balances exist in its general ledger. FICA—Social Security Taxes Payable, $3,348; FICA—Medicare Taxes Payable, $784. (The balances of these accounts represent total liabilities for both the employer's and employees' FICA taxes for the February payroll only.) Employees' Federal Income Taxes Payable, $6,750 (liability for February only). Federal Unemployment Taxes Payable, $324 (liability for January and February together). State Unemployment Taxes Payable, $2,916 (liability for January and February together). The company had the following payroll transactions. Mar. 15 Issued check payable to Swift Bank, a federal depository bank authorized to accept employers' payments of FICA taxes and employee income tax withholdings. The $10,882 check is in payment of…