As the accountant for Runson Moving Company, you are preparing the company's annual return, Form 940 and Schedule A. Use the following information to complete Form 940 and Schedule A on pages 5-38 to 5-40.

The net FUTA tax liability for each quarter of 2016 was as follows: 1st, $220.10; 2nd, $107.60; 3rd, $101.00; and 4th, $56.10 plus the credit reduction.

Since the net FUTA tax liability did not exceed $500 until the 4th quarter, the company was required to make its first deposit of FUTA taxes on January 31, 2017. Assume that the electronic payment was made on time.

a. One of the employees performs all of his duties in another state-Arizona.

b. Total payments made to employees during calendar year 2016:

California .......................................... $102,310

Arizona.............................................. 18,490

Total .................................................. $120,800

c. Employer contributions in California into employees' 401(k) retirement plan: $3,500.

d. Payments made to employees in excess of $7,000: $36,500 ($11,490 from Arizona and $25,010 from California).

e. Form is to be signed by Mickey Vixon, Vice President.

f. Phone number-(219) 555-8310.

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Fom 940 for 20 Employer's Annual Federal Unemployment (FUTA) Tax Return Departmart of the Troasury-Interrial Ravaruo Sarvica OMB No. 1545-0028 Type of Return Name gnot your trado namaj RUNSON MOVING Trade name any Addross 423 BRISTOL PIKE a. Amended b. Successor employer □c. No payments to employees in d. Final: Business closed or topped paying wages Instructions and prior-year forms are CA avalable at www.irs.gowlform940 Fonign country rue Read the Part 1: Instructions before his fomm. Please type or print within the boxes. leave it blank. Tell us about r return. If any line does NOT 1a r you had to pay state unemployment tax In one state only, enter the state abbreviation a 1b If you had to pay state unemployment tax In more than one state, you are a multi-state Check here. 2 Ir you pald wages In a state that is subject to CREDIT REDUCTION Check here. Complete Schedule AForm Part 2 r FUTA tax before a ustments for 20-·lf line does N leave it blank. 3 Total payments to all employees Payments exempt trom FUTA tax Check al that apply: 4a □ Fringe benents Total of payments made to each employee In excess ot 4 4c□Retrement pension 4e □Other 4bGroup-term Iife Insurance 4dDependent care 5 $7,000 7 Total taxable FUTA wages (Ine 3- Iline 6-IlIne 7) (see Instructions) 8 FUTA tax before adjustments (ine 7 x.006-lne 8) 9 I ALL of the taxable FUTA wages you pald were excluded trom state unemployment tax, 10 I sOME of the taxable FUTA wages you pald were excluded from state unemployment tax, Part 3 r adjustments. If any line does NO leave it blank. multiply line 7 by.054 Ane 7x .054 - line 9). Go to line 12 OR you pald ANY state unemployment tax late (after the due date for ting Form 940) complete the worksheet in the nstructions. Enter the amount trom Ine 7 ot the worksheet 10 11 If credit reduction applies, enter the total from Schedule A (Form 940 Part 4 12 Total FUTA tax after adjustments (lInes 8+9+10+11 -Ine 12) 13 FUTA tax deposited for the year, including any overpayment applled trom a prior year r FUTA tax and balance due or for 20-.If any line does NOT leave it blank. 12 13 . 14 Balance due (I line 12 Is more than line 13, enter the excess on line 14) If line 14 ls more than $500, you must deposit your tax. If line 14 Is $500 or less, you may pay wth this retum. (see Instructions) 14 15 Overpayment f lne 13 Is more than Ine 12, enter the excess on Ine 15 and check a box below.) 15 You MUST complete both pages of this form and SIGN lt. Check one:Apply to next return. send a reftund Next 014 For Privacy Act and Paperwork Reduction Act Notice, see the back of Form 940-V, Payment Vouche CaNo. 112340 Farm 940 Name pot your trado name RUNSON MOVING CONPANY 00-0003793 Part 5: FUTA tax l if line 12 is more than S500. If not, go to Part 6. 16 Report the amount of your FUTA tax llablity tor each quarter; do NOT enter the amount you deposited. It you had no llablity for a quarter, leave the line blank 16a 1st quarter (January 1 -March 31) 16b 2nd quarter April 1-June 30) 16c 3rd quarter (July 1 - Septermber 30) 16d 4th quarter (October 1 - December 31) 16a 16C 160 17 Total tax llabillity for the year (Ines 16a+18b +16c+16d-lne 17) 17 Part 6: Total must equal line 12. Do you want to allow an employee, a pald tax preparer, or another person to discuss this return wth the IRS? See the Instructions for detalls Yes. Dasignee's name and phone numiber Select a 5-digit Personal Identification Number (PIN to use when talking to IRS No. Part 7: here. You MUST c both of this form and SIGN it. of perury, I declare that I have examined this retum, Includng accompanying schedules and statements, and to the best of my knowiedge arid bellet, it is trua, corect, and complate, and that no part of any payment made to a state unamployment fund clalmed as a credit was, or is to be, deducted trom the payments made to employees. Declaration of preparer (other than taxpayer) is based on all Intormation of which preparer has any knowledge. Print your name here Sign your name here Print your ite here Best daytime phone Date Paid Preparer Use Only Check If you are self-employed Preparer's name PTIN Date Flm's name for EIN City ZIP code Form 940 (2014 Schedule A (Form 940) for 20-: Multi-State Employer and Credit Reduction Information Departmant of the Traaury -Intomal Rlavanue Servic OMB No. 1545-0028 See the instructions on page 2. File this schedule with Form 940 Employer idontification number (EIN RUNSON MOVING COMPANY Name phot your trado namaj Place an "X" in the box of EVERY state in which you had to pay state unemployment tax this year. For each state with a credit reduction rate greater than zero, enter the FUTA taxable wages, multiply by the reduction rate, and enter the credit reduction amount. Do not include in the FUTA Taxable Wa unemployment tax (see the instructions for Step 21. If any states do ges box w ages that were excluded from state not apply to you, leave them blank. Postal FUTA Taxable Wages Reduction Credit Reduction Postal FUTA Taxable Wages Reduction Credit Reduction Rate Rate x.012 x.000 x.017 × .000 DC x.000 x.012 x.000 x.000 x.000 x.000 x.015 Х.000 x.012 x.000 x.000 x.000 x.000 x.000 x.000 Total Credit Reduction. Add all amounts shown in the here and on Form 940, line 11 Reduction boxes. Enter the total For Privacy Act and Paperwork Reduction Act Notice, see the for Form 940. No. 100970 Schedulo A (Form 940) 2014