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 |
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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 |
