Lauprechta Inc. Company has the following employees on payroll: Prepare Form 941

Question

Lauprechta Inc. Company has the following employees on payroll:

                        

Prepare Form 941 including Schedule B for the second quarter of 2016. Assume that the payroll is consistent every pay period beginning in April through June 30, that pay days are the 15th and the last day of the month, and that all tax deposits were made on a timely basis as required. Lauprechta Inc.'s Employer Identification Number (EIN) is 36-1238975, and its address is 1825 Elkhart Way, Columbus, GA 31904. (Round your intermediate computations and final answers to nearest 2 decimal places.)

Use withholding allowance and percentage method tables.

Semimonthly Payroll Withholding Allowances Marital Status Naila $ 4,800 3 Married Wilfred $ 7,250 4 Married Stephanie $ 2,800 1 Single Tanya $ 3,600 2 Single Lauprechta Inc Company has the folowing employees on payeol Samimontly iholding Marital PayrolAlowances staus Married 4 800 S7 250 $2 800 53.600 Saphanie ingle 2 Singla Prepare Form 941 induding Schedule B for the second quarter of 2018. Assume that the payrol is consistent every pary period beginning in April through June 30, that pay days are the 15th rd the last day of te moth.rd th all tax deposts were made on a trely basis as requred Lauprechts Inc's Employer Identication Number (EIN) is 8-1238875, and its address is 1825 Elshart Way, Columbus, GA 31904. (Round your intermediate computations and final answers to nearest 2 decimal places.J Prepare Form 941, Employer's Quarterly Federal Tax Return Schedule 8 Page 1 of Form 941 Form 941 for 2016: Employer's QUARTERLY Federal Tax Return EnplayerID enter as x 3-1238870 Type of Rotun Check all that apply) Trade name fay Apnil, May, June ntuctions and pr Part 1 Answer these questions for this quarter 1 Nunber af erpleyees who received wages ips, or other cepensarian far the pay periad including Mar 12 (Quarter use 12 2 Wagen, tips, and athar comparantion Fedarai incometax withhaid ton wages, Sps, and ohar compasstion or Medicare Calumn 1 % Tasable sodial security tips 029 DOD 7 Currente.wors .atnants for fracions ce carts s for tipsand group-arm 10 Tatal taeas sher adjustreents 11 Total depouits for is, Including ovepaynest appled fonapriar quarter and oveayests appled tram For 41, 941-x Pq, 944-K, 4 I944-X (SP) ed in te curent quarter peges of Farm 941 Fer Prieasy Act and Papervork educton Act Notice.os the back ot the eyment Wouctww.

Explanation / Answer

Thanks

Table for Taxes in the year 2016 Employee Amount Federal without Holding Tax Social Security tax @ 12.4% Medicare Tax @ 2.9% Total Tax withheld Naila $4800 $914.88 $595.20 $139.20 $1649.28 Wilfred $7250 $1658.13 $899.00 $210.25 $2767.38 Stephaine $2800 $594.55 $347.20 $81.20 $1022.95 Tanya $3600 $772.46 $446.40 $104.40 $1323.26

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