For the third quarter of the year, Barney Construction, 715 Red Rock Boulevard, San Francisco, California 94121, received Form 941 from the District Office of the Internal Revenue Service. The identification number for Barney Construction is 91-7382476. Its payroll for the quarter ended September 30 is as follows.
The company has had six employees throughout the year. Assume that the FICA Social Security (employer) is 6.2 percent and the FICA Social Security (employee) is 4.2 percent on the first $106,800 and that the Medicare tax is 1.45 percent of all earnings. The employer matches the employees’ FICA Medicare taxes. There are no taxable tips, adjustments, backup withholding, or earned income credits. Barney Construction has submitted the following federal tax deposits and written the accompanying checks:
Complete Part 1 of Form 941 for the third quarter for Barney Construction.