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As the accountant for Monroe Trucking Company, you are preparing the companys annual return, Form 940 and Schedule A. Use the following information to complete

As the accountant for Monroe Trucking Company, you are preparing the companys annual return, Form 940 and Schedule A. Use the following information to complete Form 940 and Schedule A on pages 5-52 to 5-54. The net FUTA tax liability for each quarter of 2018 was as follows: 1st, $97.00; 2nd, $87.00; 3rd, $69.70; and 4th, $59.50. Since the net FUTA tax liability did not exceed $500, the company was not required to make its first deposit of FUTA taxes until January 31, 2019. Assume that the electronic payment was made on time. a. One of the employees performs all of his duties in another stateLouisiana. b. Total payments made to employees during calendar year 2018: Texas.......................... Louisiana ................... Total .......................... $53,450 22,150 $75,600 to the companys qualified unemployed workers on January 1, 2004. c. Employer contributions into employees 401(k) retirement plan: $1,250. d. Payments made to employees in excess of $7,000: $22,150. e. Form is to be signed by Vernon Scott, Vice President. f. Phone number(834) 555-5551.

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