From Part 1 Line 5c Medicare Tax Withheld to Line 11 d Non-Refundable credit
Line 5 c: Enter the total wages, tips, sick leave pay, and family leave pay paid during the quarter in column 1.
In its column 2 multiply column 1 by 0.029 (employee and employer share of Medicare tax combined). Medicare tax is 1.45% (0.0145) for the employee and 1.45% for you the employer.
Line 5 d: If the cumulative of wages paid to an employee as of year to date exceed $200,000, enter the amount paid during the quarter in column 1 of line 5 d.
In the column 2 of line 5 D multiply column 1 by 0.009 (additional Medicare tax is paid by the employee only).
Line 5 e: Total column 2 for social security tax and Medicare tax withheld from employees pay and the employer portion.
Line 5f: Enter tax due on unreported tips.
Line 6: total line 3 (Federal income tax withheld), line 5e (total social security and Medicare taxes), and Line 5f (tax due of unreported tips).
Line 7: If there is an adjustment to make due to rounding between employee and employer share of social security and Medicare taxes, enter it on Line 7. It could be positive or negative.
Enter adjustments to be made for sick pay and group term life insurance on Line 8 and 9 (page 12 of Instructions to Form 941 for 2021 for more detail). These adjustments could be negative.
Line 10 is the total of all adjustments from line 6 to 9.
If there is a tax credit for research credit check Form 8974 and its instructions to complete and enter the amount on Line 11 a.
Line 11 b, c, and d: They are non refundable portion of credit related to sick leave, family leave and employee retention. Check Instructions to form 941 page 14.
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