| Line | What to enter |
| 1 | Number of employees you employed on March 12 |
| 2 | Total wages paid in that quarter. On this form, the IRS is concerned with
paydates, not when the wages were earned. |
| 3 | Federal income tax withheld during that quarter |
| 4-5 | Adjustments for prior quarters, if any. |
| 6a | Wages subject to social security multiplied by .062. This is all wages unless an
employee has reached the $106,800 cap or is exempt from social security. |
| 6b | Reported tips subject to social security multiplied by .062. This is all wages unless an
employee has reached the $106,800 cap or is exempt from social security. |
| 7 | All wages and tips multipled by .029, unless the person is exempt from Medicare. |
| 8 | Add lines 6a, 6b, and 7. |
| 9-11 | Adjustments for prior quarters, if any. |
| 12-13 | If you paid advance earned income to low income
employees, enter the amount on line 15 and subtract it from line 14. |
| 14-15 | Total deposits you made with EFTPS system and the balance due. |
| 17 | Monthly depositors and new employers only: The IRS wants you to divide the total taxes (line 13) and show when
these became due. So, take all your pay dates and find the appropriate box. For example, a January 15th paydate
would be box D. Put the total taxes (federal income tax, social security and medicare less adjustments) that you owe
from that paydate. |
| Sch. B | If you are required to deposit taxes semi-weekly or on a next-day basis, don't
complete the bottom of IRS 941. Instead, do the same process using Schedule B. |
