Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.) What is employee #1 taxable FUTA wages for quarter 3? 2.) What is employee #1 taxable FUTA wages for quarter 4 ? 3.) What

image text in transcribed1.) What is employee #1 taxable FUTA wages for quarter 3?

2.) What is employee #1 taxable FUTA wages for quarter 4?

3.) What is employee #7 taxable FUTA wages for quarter 2?

4.) What is employee #7 taxable FUTA wages for quarter 3?

5.) What is line 3 of Form 940?

6.) What is line 6 of Form 940?

7.) What is line 8 of Form 940?

8.) For year 2020, what is line 11 of Form 940?

9.) What is line 16a of Form 940?

10.) What is line 16d of Form 940?

N 24 A B D E F G H j K L M 1 Presented below is the GROSS Pay of each employee at First Choice. Determine each employees FUTA taxable wages 2 3 EE Q1 Q2 Q3 Q4 EE Q1 Q2 Q3 total 4 1 3500 3500 3200 3200 1 5 2 8900 8400 8800 8300 2 6 3 2100 2400 2400 2500 3 7 4 1800 2600 2600 2600 4 8 5 7400 7400 0 0 5 9 6 0 1700 2700 2700 6 10 7 3100 3200 3100 0 7 11 8 0 0 5400 5400 8 12 total 13 14 1 Employee 2, 5, and 8 have 401K deduction of $400 each quarter worked 15 2 Employees 1, 2,5, 7, and 8 have medical premiums deducted of $500 each quarter worked 16 3 Employee 2 has $300 taken out each quarter for United Way donations 17 N 24 A B D E F G H j K L M 1 Presented below is the GROSS Pay of each employee at First Choice. Determine each employees FUTA taxable wages 2 3 EE Q1 Q2 Q3 Q4 EE Q1 Q2 Q3 total 4 1 3500 3500 3200 3200 1 5 2 8900 8400 8800 8300 2 6 3 2100 2400 2400 2500 3 7 4 1800 2600 2600 2600 4 8 5 7400 7400 0 0 5 9 6 0 1700 2700 2700 6 10 7 3100 3200 3100 0 7 11 8 0 0 5400 5400 8 12 total 13 14 1 Employee 2, 5, and 8 have 401K deduction of $400 each quarter worked 15 2 Employees 1, 2,5, 7, and 8 have medical premiums deducted of $500 each quarter worked 16 3 Employee 2 has $300 taken out each quarter for United Way donations 17

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

AS Accounting For AQA

Authors: David Cox,Michael Fardon

2nd Edition

1905777140, 978-1905777143

More Books

Students also viewed these Finance questions