Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps

Exercise 18

Use the information from Problem 57. Prepare the Form 941, including Schedule B, for the second quarter of 2010. Assume that the payroll is consistent every pay period beginning in April through June 30 and that all tax deposits were made on a timely basis as required. Jones Company's Employer Identification Number (EIN) is 36-1238975 and its address is 1825 Elkhart Way, Columbus, GA 31904. Assume Jones paid $2,400 in COBRA assistance payments for two individuals for the quarter. There were no new employees hired.