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 Ct 941 Form 2020

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Instructions and help about Ct 941 Form

hello in this lecture we will define form 941 ing to fundamental accounting principles wild 22nd edition the definition of form 941 is irs form filed to report fica taxes owed and remitted when we think about form 941 we're thinking about payroll taxes a payroll tax form a payroll tax reporting form fica is going to be the law that governs social security and medicare the form 941 is going to show what the liability is in relation to the social security the medicare as well as the federal income tax that has been withheld not for the corporation on corporate wages or corporate net income that is but for the withholdings from employees for their uh federal income tax withholding the form is going to look like this we got the information up top it's an information form uh reporting form that's done quarterly here each quarter this form needs to be reported it's going to basically show the wages that have been earned by all the employees for that time perio

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