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Form B240 399

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okay this is a video explaining how to fill out the form 941 so I'm just using an example here given to us in the text so here we have a list of employees they are paid semi-monthly the 15th and the last day of the month here's their quarterly wages um this is what was withheld out of their paychecks so we have the old age social security tax come out Medicare tax their federal income tax and then their total deductions that will give us their net pay excuse me now you need to remember this is just the employees portion the employer has to match that exactly so the employee pays 647.28 and the employers also going to pay 647.28 so when they fill out that 941 that 647.28 is going to be times two again because they're going to remit what they what they withheld plus they're going to remit their portion and then the same with the Medicare tax or the hi tax the federal income tax that is just the withholding out of the employees paycheck the employer does no

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