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Rule No.: 941 7501 09008Agency: Mississippi Department of Transportation Agency Effective Date: May 15, 2005, Agency Issued Date: March 8, 2005, Secretary of State Authority Date: May 15, 2005, Supersedes
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How to fill out 941 - 7501

01
To fill out form 941-7501, follow these steps:
02
Start by providing your employer identification number (EIN), name, and address in Part I.
03
In Part II, enter the total number of employees and the wages paid to them during the reporting period.
04
Calculate your federal income tax liability in Part III by considering the taxable wages and the corresponding tax rates.
05
Complete Part IV by entering the amounts of Social Security and Medicare taxes withheld from the employees' wages.
06
In Part V, report the total deposits and any adjustments made for the period.
07
Finally, sign and date the form in Part VI to certify the accuracy of the information provided.

Who needs 941 - 7501?

01
Form 941-7501 is required by employers who withhold income taxes, Social Security tax, or Medicare tax from their employees' wages.

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-6559
Businesses that have employees and withhold income taxes must file Form 941.
Form 941 is filled out by providing information about wages paid, taxes withheld, and other relevant information for each quarter.
Form 941 is used to report employment taxes, including federal income tax withholding, Social Security tax, and Medicare tax.
Information about wages paid, taxes withheld, and number of employees must be reported on Form 941.
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