1. Complete Form 940, the Employer's Annual Federal Unemployment Tax Return. Assume that all wages have been...
Question:
1. Complete Form 940, the Employer's Annual Federal Unemployment Tax Return. Assume that all wages have been paid and that all quarterly payments have been submitted to the state as required. The payroll information for 2019 appears below. The federal tax deposits were submitted as follows: a deposit of $165.00 on April 21, a deposit of $76.80 on July 22, and a deposit of $52.20 on October 21. Date the unemployment tax return January 28, 2020. A check for the balance due as per line 14, Part 4, will be sent with Form 940.
2. In general journal form, record issuance of a check on January 28, 2020, for the balance of FUTA tax due for 2019. Use journal page 15.
Analyze:
What total debits were made to liability accounts for entries you recorded in Problem 11.4A and Problem 11.5A?
Step by Step Answer:
College Accounting A Contemporary Approach
ISBN: 978-0077639730
4th edition
Authors: David Haddock, John Price, Michael Farina