FORM 941 - EMPLOYER'S QUARTERLY FEDERAL TAX RETURN#
Form 941 – Employer’s Quarterly Federal Tax Return is a hard copy that the user must complete manually. The following are the steps recommended to add 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.i.e. pay period that included 12-Mar-2001
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 |
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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 |
