PayrollACC.docx
1.
Figure 3.8
Cruz Company has gathered the information needed to complete its Form 941 for the quarter ended September 30, 20--.
Using the information presented below, complete Part 1 of Form 941.
· # of employees for pay period that included September 12 = 14 employees
· Wages paid third quarter = $79,750.17
· Federal income tax withheld in the third quarter = $9,570.00
· Taxable social security and Medicare wages = $79,750.17
· Total tax deposits for the quarter = $21,771.83
Note: Lines 5a and 5c of Form 941, tax on total taxable wages, are computed by multiplying by the combined tax rate for both employer and employee. Small differences due to rounding may occur between this total and the total taxes withheld from employees each pay period and the amount of the employer's taxes calculated each pay period. This difference is reported on line 7 as a deduction or an addition as "Fractions of Cents."
Hint: Line 7 instructions. Fill in Form 941 through line 6, and then fill in Part 2, line 16, Schedule B. Take that information and fill in line 10. Note that Lines 6 and 10 must equal. If the amounts are not the same, correct by entering amount to make equal on line 7. Line 7 differences are caused by how calculations are made on Form 941 and the amounts withheld from employee's earning plus the employer's payroll tax amounts each pay period.
If an input box does not require an entry, leave it blank. When required, round amounts to the nearest cent.
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Form
941 for 20--:
(Rev. March 2023)
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Employer's QUARTERLY Federal Tax Return
Department of the Treasury — Internal Revenue Service
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OMB No. 1545-0029
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Employer identification number (EIN)
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Name
(not your trade name)
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CARLOS CRUZ
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Trade name
(if any)
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CRUZ COMPANY
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Address
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Number
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Street
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Suite or room number
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Foreign country name
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Foreign province/county
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Foreign postal code
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Report for this Quarter of 20--
(Select one.)
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fill in the blank 1 of 42
Go to
www.irs.gov/Form941
for instructions and the latest information.
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Read the separate instructions before you complete Form 941. Type or print within the boxes.
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Part 1:
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Answer these questions for this quarter.
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1
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Number of employees who received wages, tips, or other compensation for the pay period including:
Mar. 12 (Quarter 1),
June 12 (Quarter 2),
Sept. 12 (Quarter 3), or
Dec. 12 (Quarter 4)
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1
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fill in the blank 2 of 42
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2
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Wages, tips, and other compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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2
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fill in the blank 3 of 42
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3
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Federal income tax withheld from wages, tips, and other compensation . . . . . . . . . . . . . . . . . . . . . . . .
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3
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fill in the blank 4 of 42
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4
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If no wages, tips, and other compensation are subject to social security or Medicare tax
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☐
Check and go to line 6.
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Column 1
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Column 2
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5a
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Taxable social security wages . . . . . . . . . . .
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fill in the blank 5 of 42
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x 0.124 =
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fill in the blank 6 of 42
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5a
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(i) Qualified sick leave wages . . . . . . . . . . .
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fill in the blank 7 of 42
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x 0.062 =
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fill in the blank 8 of 42
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5a
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(ii) Qualified family leave wages . . . . . . . .
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fill in the blank 9 of 42
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x 0.062 =
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fill in the blank 10 of 42
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5b
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Taxable social security tips . . . . . . . . . . . . .
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fill in the blank 11 of 42
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x 0.124 =
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fill in the blank 12 of 42
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5c
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Taxable Medicare wages & tips . . . . . . . . . .
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fill in the blank 13 of 42
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x 0.029 =
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fill in the blank 14 of 42
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5d
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Taxable wages & tips subject to
Additional Medicare Tax withholding
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fill in the blank 15 of 42
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x 0.009 =
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fill in the blank 16 of 42
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5e
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Total social security and Medicare taxes. Add Column 2 from lines 5a, 5a(i), 5a(ii), 5b, 5c, and 5d . . . . . . . .
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5e
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fill in the blank 17 of 42
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5f
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Section 3121(q) Notice and Demand—Tax due on unreported tips (see instructions) . . . . . . . . . . . . . . . .
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5f
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fill in the blank 18 of 42
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6
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Total taxes before adjustments. Add lines 3, 5e, and 5f . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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6
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fill in the blank 19 of 42
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7
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Current quarter's adjustment for fractions of cents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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7
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fill in the blank 20 of 42
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8
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Current quarter's adjustment for sick pay . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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8
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fill in the blank 21 of 42
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9
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Current quarter's adjustments for tips and group-term life insurance . . . . . . . . . . . . . . . . . . . . . . . . . .
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9
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fill in the blank 22 of 42
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10
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Total taxes after adjustments. Combine lines 6 through 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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10
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fill in the blank 23 of 42
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11a
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Qualified small business payroll tax credit for increasing research activities. Attach Form 8974 . . . . . . .
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11a
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fill in the blank 24 of 42
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11b
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Nonrefundable portion of credit for qualified sick and family leave wages for leave taken before
April 1, 2021 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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11b
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fill in the blank 25 of 42
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11c
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Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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11c
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fill in the blank 26 of 42
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You MUST complete all three pages of Form 941 and SIGN it.
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For Privacy Act and Paperwork Reduction Act Notice, see the back of the Payment Voucher.
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Cat. No. 17001Z
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Form
941 (Rev. 3-2023)
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Name
(not your trade name)
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Employer identification number (EIN)
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CARLOS CRUZ
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00-0006509
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Part 1:
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Answer these questions for this quarter.
(continued)
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11d
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Nonrefundable portion of credit for qualified sick and family leave wages for leave taken after
March 31, 2021, and before October 1, 2021 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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11d
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fill in the blank 27 of 42
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11e
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Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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11e
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fill in the blank 28 of 42
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11f
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Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . fill in the blank 29 of 42
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11g
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Total nonrefundable credits. Add lines 11a, 11b, and 11d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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11g
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fill in the blank 30 of 42
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12
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Total taxes after adjustments and nonrefundable credits. Subtract line 11g from line 10 . . . . . . . . . . . . .
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12
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fill in the blank 31 of 42
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13a
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Total deposits for this quarter, including overpayment applied from a prior quarter and overpayments applied from Form 941-X, 941-X (PR), 944-X, or 944-X (SP) filed in the current quarter . . . . . . . . . . .
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13a
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fill in the blank 32 of 42
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13b
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Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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13b
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fill in the blank 33 of 42
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13c
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Refundable portion of credit for qualified sick and family leave wages for leave taken before April 1, 2021 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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13c
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fill in the blank 34 of 42
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13d
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Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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13d
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fill in the blank 35 of 42
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13e
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Refundable portion of credit for qualified sick and family leave wages for leave taken after March 31, 2021, and before October 1, 2021 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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13e
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fill in the blank 36 of 42
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13f
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Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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13f
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fill in the blank 37 of 42
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13g
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Total deposits and refundable credits. Add lines 13a, 13c, and 13e . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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13g
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fill in the blank 38 of 42
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13h
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Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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13h
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fill in the blank 39 of 42
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13i
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Reserved for future use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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13i
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fill in the blank 40 of 42
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14
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Balance due. If line 12 is more than line 13g, enter the difference and see instructions . . . . . . . . . . . . . . . . . .
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14
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fill in the blank 41 of 42
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15
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Overpayment. If line 13g is more than line 12, enter the difference fill in the blank 42 of 42 Check one: ☐ Apply to next return. ☐ Send a refund.
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Page
2
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Form
941 (Rev. 3-2023)
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Check My Work2 more Check My Work uses remaining.
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