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View Full Version : Form 941 "Current quarter’s adjustment for fractions of cents" shows -142.00



Plastique
10-04-2011, 06:02 AM
Ran 941 report for 3Q and line 7 for "Current quarter’s adjustment for fractions of cents" shows -142.00.
Line 5a and 5c, column 2 on this report show 1206.40 and 336.40 respectively, total 1542.80.

"Employer's Payroll Total Report(Federal)" under "Employer Federal Liabiliites" for QTD shows Employer & Employee FICA as 1,122.40 and Employer & Employee Medicare as 278.40. This total is 1400.8, which is what was paid, difference being the adjustment for fractions of cents, -142.00.

Help!

Paul Mayer
10-04-2011, 03:33 PM
The 941 Form audits the data saved in the transaction when you paid the employees. If it is more than a few cents, you need to see this FAQ and start searching for your error(s):

http://zpay.com/vbulletin/showthread.php?3274-941-Form-Numbers-Do-Not-Match-Employer-Totals-Report