Where do taxable Medicare wages get reported?

Taxable Medicare wages are reported on line 5c of Form 941, which is the Employer's Quarterly Federal Tax Return. This line specifically captures the total taxable Medicare wages and tips that have been paid to employees during the quarter. It is essential for employers to report this accurately, as it determines the amount of Medicare tax owed to the IRS.

Line 5 of Form 941 provides breakdown categories for the various types of wages subject to different tax rates, and line 5c distinguishes Medicare wages specifically, which are usually subject to a 1.45% tax rate. Accurate reporting here is crucial for ensuring compliance with federal tax regulations and avoiding potential penalties.

Understanding how these figures fit into the broader context of payroll reporting helps ensure that all aspects of payroll tax obligations are met correctly.