10 points

At the end of 2020, Swann Company had the following wage information: Quarter Total Wages Wages Subject to FUTA 1st $90,000 $90,000 2nd $60,000 $48,000 3rd $70,000 $20,000 4th $82,000 $22,000 All employees are residents of and work in Ohio. "Line 5 Total of Payments in Excess of $7000" equals Totals Wages less Wages Subject to FUTA. As of 2020, Ohio no longer has amount on Schedule A, the credit reduction sheet. $1,000 has been deposited. Assume no adjustments needed in part 3. Locate the fill-in PDF Form 940 and Form 940 Schedule A for 2020 (found in Learning Unit 3). Download the forms. Complete page ONE AND TWO of Form 940. Use the completed form to answer the questions. Line numbers relate to Form 940. Enter only whole numbers, no decimals and cents, no commas, no dollar signs. Multiple Attempts This test allows multiple attempts. Force Completion This test can be saved and resumed later. Your answers are saved automatically. Expand Question Completion Status:

QUESTION 1 The amount on Line 3, total payments to all employees is 302000 2.2 points

QUESTION 2 Line 5, total of payments made to each employee in excess of $7,000 2.4 points

QUESTION 3 Line 7 Total taxable FUTA wages is 180000 2.4 points

QUESTION 4 Line 8. FUTA tax before adjustments is 2.4 points

QUESTION 5 Line 12 Total FUTA tax after adjustments 2.4 points

QUESTION 6 Line 14 balance due is 2.4 points

QUESTION 7 Line 16 a 1st quarter is 2.4 points

QUESTION 8 Line 16c 3rd quarter is 2.4 points