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!!!FORM 941 - EMPLOYER'S QUARTERLY FEDERAL TAX RETURN

The Form 941 – Employer’s Quarterly Federal Tax Return is a hard copy that must be completed manually. The following are the steps recommended to aid in completing the form. 
 
!!View Pay Run Information 

!Line 1 - # of Employees 
Use the total of the ‘Employees’ field on [IPVP] from all of the pay runs that qualify for the data on the F941 to be completed. 
 
 
!!Define Elements 
Create an element on IPPE that contains all of the PC that need to be reported.  Below is a list of the pay components that could be included. Your company may not require all of them or may require others. 
 
!Line 2 – Total Wages 
|Fed Taxable Wages|  	PC Usage |	6004 
|Fed Supp Wages |	PC Usage |	6005 
 
!Line 3 – Total Tax 
|Fed Tax 	PC Usage |	6001 
|Add. Fed Tax |	PC Usage |	6002 
||Supp Fed Tax |	PC Usage |	6003 
 
!Line 6 – SS Wages 
|FICA Wages |PC Usage |6202 
 
!Line 7 – Medicare Wages 
|Medicare Wages| PC Usage| 6502 
 
!Line 8 – Total SS and Medicare 
|FICA Tax EE| PC Usage| 6201 
|FICA Tax ER |	PC Usage| 	6210 
|Medicare Tax EE| 	PC Usage |	6501 
|Medicare Tax ER| 	PC Usage |	6503 

!Line 12 - EIC 
|EIC PC| Usage| 6101 

!!Produce Pay Totals Register 
User may now run [RPREGT] using the element created to obtain information to aid in completing the F941 form. 

%%information Run [RPREGT] for the current quarter to obtain information for Lines, 2, 3, 6, 7, 8, and 12.  Run [RPREGT] for the previous quarter and compare it to what was submitted on the F941 for the previous quarter to obtain information for lines 4 and 5.%% 
 
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