Columns for the Form 941 Worksheet
The Form 941 Worksheet contains a standard set of columns. You do not have the option to select columns for this report.
The header area of the worksheet displays the Form W-2 year and quarter for which you generate the report.
The body of the worksheet displays gross pay, 401(k) contributions, 125/Cafeteria contributions, federal income taxes paid, and the Federal Insurance Contributions Act (FICA) wages for each employee.
Schedule B Section
The Schedule B section on the last page of worksheet displays the daily federal tax liabilities for your company, broken out by month.
Columns
Field | Description |
---|---|
Employee Number/Name | This column displays the employee's identification number and name. |
Social Security Number | This column displays the person's Social Security number. |
Gross Pay | This column displays the employee's gross pay for the reporting periods. |
401(k) | This column displays the 401(k) contributions withheld for the employee for the reporting period. |
125/Cafeteria | This column displays the 125/Cafeteria contributions withheld for the employee for the reporting periods. |
Add'l Exempt Payments | If you excluded types of withholding or employer contributions from taxable wages using Additional Exempt Payments on the Options tab, these columns display the total excluded amount for the reporting periods. |
Federal Income Tax | This column displays the federal income tax withheld for the employee for the selected period. |
Subject to Tax | These columns display the total amount subject to tax for the reporting periods, calculated as follows: Gross pay - 125/Cafeteria contributions. The maximum amount subject to tax is the annual wage base that you specified on the Options tab. |
Subject to HI | This column displays the wages subject to Hospital Insurance (HI). |
Subject to OASDI | This column displays the wages subject to Old-Age, Survivors and Disability Insurance (OASDI). |
Parent Topic: Form 941 Worksheet