Hi, my name is Miranda Chuck. I am a Certified Public Accountant (CPA). The IRS Form 941 is the employers' quarterly federal tax return. This form is used for reporting and depositing the amounts that employers withhold from their employees' wages. These withholdings include federal taxes, Medicare, and Social Security contributions. Additionally, the form requires certain information to be provided, such as the amount of wages paid and tips received. It also allows for adjustments to be made to these numbers. Moreover, it is necessary to report the wages used in different calculations, including the total wages paid and the specific amount used for calculating Social Security and Medicare taxes. For more detailed information, please consult the instructions provided for Form 941.