Which of the following does Form 941 NOT report?

Form 941 is used by employers to report income taxes, Social Security tax, and Medicare tax withheld from employee wages. It plays a crucial role in tracking payroll tax liabilities, ensuring that accurate amounts are reported and submitted to the IRS on a quarterly basis.

The form specifically covers important payroll-related information, such as the amounts of Social Security taxes and income taxes that have been withheld from employees’ paychecks. Additionally, it includes details about payroll tax liabilities arising from adjustments throughout the reporting period, ensuring compliance with IRS regulations.

However, unpaid leave balances are not reported on Form 941. Unpaid leave balances pertain to benefits and employment policies within an organization and are typically managed by HR departments rather than reported to tax authorities. They do not have a direct impact on tax calculations or obligations related to payroll, making them irrelevant to the information that Form 941 is designed to capture.

Thus, the correct answer highlights the distinction between payroll tax reporting and employee benefits management, reinforcing the focus of Form 941 on tax-related figures rather than leave balances.