I have a question regarding qualified sick leave wages, Social Security wage limits, and the new Form 941.

I have a client who has an employee who received qualified sick leave wages in the second quarter.  My understanding is that these wages are taxable to the employee but not the employer. In the third quarter the employee hit the SS max of $137,700.  

I think the employer owes more than the employee does in the third quarter and I am not sure how to report that on the 941.  Have I overlooked something obvious?

As an example:

Employee makes $50k/quarter. During the second quarter the employee was paid $5k in qualified sick leave.  At the end of the second quarter that employee would have $100k social security wages, but the employer would have only "matched" $95k.  In the third quarter the employee would pay on $37.7k and I think the employer should pay on $42.7k.

Your thoughts would be appreciated.