This report contains information required to fill out Federal IRS Form 941.
Note: The data in this report is based on any information you enter in the Pay History window as well as MYOB AccountEdge payroll transactions.
To find this report:
Index to Reports window > Payroll Tab > Tax & Compliance Header
______________________________________________________________________ | |||||
| Total Federal Wages and Tips (Box 2): | $55,938.00 | ||||
| Total Federal Tax Withheld (Box 3, 5): | $10,940.79 | ||||
| Total Social Security Wages (Box 6a): | $58,746.00 | * | 12.40% | = | $7,284.50 |
| Total Social Security Tips (Box 6b): | $0.00 | * | 12.40% | = | $0.00 |
| Total Medicare Wages and Tips (Box 7): | $58,746.00 | * | 2.90% | = | $1,703.63 |
| Total Social Security and Medicare Tax (Box 8): | $8,988.13 | ||||
| Total Taxes Excluding Adjustments (Box 11): | $19,928.92 | ||||
| Advanced Earned Income Credit (Box 12): | $0.00 | ||||
| Net Taxes Excluding Adjustments (Box 13): | $19,928.92 | ||||