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Quarterly 941, Line 1
Posted: Tue Apr 04, 2017 11:00 am
by onemore4gsus
Why might the number computed by Power Church for Quarterly 941, Line 1, be lower than it should be?
Thanks!
Re: Quarterly 941, Line 1
Posted: Tue Apr 04, 2017 3:00 pm
by NeilZ
onemore4gsus wrote:Why might the number computed by Power Church for Quarterly 941, Line 1, be lower than it should be?
Thanks!
I'm going to ask the obvious ... are all employees having Federal Taxes (Either FITW and SS/Medicare or just FITW) taken out?
Re: Quarterly 941, Line 1
Posted: Tue Apr 04, 2017 3:07 pm
by onemore4gsus
All employees have FITW withheld (ministers rate @ fixed per-paycheck as specified on W-4). All employees except the ministers have SS & Med withheld.
Some employee check salaries in this period did not meet the minimum withholding threshold for Fed or ST tax, but they are classified as taxable nonetheless. For example, one EE's check was under $150 each period.
Re: Quarterly 941, Line 1
Posted: Tue Apr 04, 2017 3:14 pm
by NeilZ
onemore4gsus wrote:All employees have FITW withheld (ministers rate @ fixed per-paycheck as specified on W-4). All employees except the ministers have SS & Med withheld.
Some employee check salaries in this period did not meet the minimum withholding threshold for Fed or ST tax, but they are classified as taxable nonetheless. For example, one EE's check was under $150 each period.
Does the number of your employees, minus the number of those who do not have taxes held, equal the number in Box 1 ??
Re: Quarterly 941, Line 1
Posted: Tue Apr 04, 2017 3:41 pm
by onemore4gsus
No. I had 12 employees in the first quarter, 4 of which had Federal tax withheld. Power Church counted 9 employees. Thanks for your continued help in solving the mystery.
If I include those who had State taxes withheld but not Federal, that adds 3, but I'm still not at 9 (or 12).
Re: Quarterly 941, Line 1
Posted: Tue Apr 04, 2017 4:03 pm
by Zorak
PowerChurch is getting a count of employees that had income that was taxable by Federal W/H on a check with a pay period spanning the 12th of the last month of the quarter (March 12, 2017 in this case). As with all the other amounts on the 941, it is only taking into consideration posted Payroll transactions.
Re: Quarterly 941, Line 1
Posted: Tue Apr 04, 2017 4:09 pm
by onemore4gsus
Then I can deduct 1 employee, who was only included in the last payroll of the quarter, but I'm still stymied.
I will continue to hand-count them on my Quarterly Payroll Report until the mystery is solved.