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In this presentation we will take a look at our quarterly payroll form a form at 9:41 after our first quarter of operations first quarter of payroll which is actually the third quarter of the year because we started with in the third quarter of the year within QuickBooks for more accounting information and accounting courses visit our website at accounting instruction dot info here we are on the home page we've got the open windows open we can open the open windows by going to the view drop down and selecting the open windows list we're gonna go to our primary report here to see where these numbers come from within the payroll so we're gonna go to it reports drop down and go to employee and payroll and take a look at the summary or the payroll summary report payroll summary report and we'll take a look at the third quarter this is the first quarters that we started entering data which is the third quarter and remember it quarters 12 months divided by 3 button divided by 4 quarters gives us three quarter three months for a quarter in other words one more time there's 12 months in a year divided by 4 per quarter it gives us three months per quarter so Jan you've every March is the first quarter April May June second quarter July August September third quarter that's the month we're on that's the quarter were on because that's when we started entering data so we're gonna enter this data in a 701 21 and again our first payroll was until August but we'll just enter the full quarter here and then we're gonna say October let's say September 30th 21 so seven one two seven thirty that's going to be July through September I'm gonna scroll all the way to the right now this giving us the information by employee here and we're gonna go to the right it's going to give us a summary data for the quarter that's why we ran it from it for the quarter here it's just gonna summarize that data for that time frame and if we scroll down through here we're gonna get the gross pay and then what was taken out in terms of deductions this 401k it's going to be kind of on above the line for federal income tax meaning it's going to be reducing wages for the tax calculations for fi t so that's why it's kind of broken out up here and then we've got the the tax withholdings and then the other deductions down here so we're gonna use this number in order to fill up at 9:41 which will kind of summarize in a quarterly basis the information we need for the federal taxes include an fi t either they Social Security and Medicare we won't go through the whole calculation of a 941 again but because we did that on the excel sheet but we'll just.