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 941 Rev January  Form 2012

941 Rev January Form 2012

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Security is 6.2%. Previously, the employee tax rate for social security was 4.2%. The employer tax rate for social security remains unchanged at 6.2%. The social security wage base limit is $113,700. Employers should implement the 6.2% employee social security tax rate as soon as possible, but not later than February 15, 2013. After implementing the new 6.2% rate, employers should make an adjustment in a subsequent pay period to correct any underwithholding of social security tax as soon as...
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here we're going to talk about filling out a form 941 so we're going to go to our IRS website will go to forms and pubs current forms will find our 941 form and bring it up and with the 941 form we are going to actually type on to this screen and then you could print it out I'm going to take a look in your book in Chapter three and if you take a look at 3-11 a and 3-12 a it talks about the information that they've already gathered to do this form all right so the first thing is the employer ID number and here they just use the made-up number so I put in the zero zero zero zero zero six five zero nine and I tabbed between each of those okay the name is Carlos the trade name of the company is a cruise company I'm gonna leave the address blank but you would fill that in now in this particular problem this is for the quarter ending July August and September and so that is the third quarter and so I would click my X there okay number of employees who received tips or other compensation for

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