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Can anyone help me solve this question please? Directions: This assignment will give you an opportunity to complete a current Form 940 (Employers Annual Federal

Can anyone help me solve this question please?

Directions:

This assignment will give you an opportunity to complete a current Form 940 (Employers Annual Federal Unemployment (FUTA) Tax Return), using the information below. Please use the fillable PDF form located here: . Complete the form using the information provided in the scenario below, save it to your computer, and then upload to the dropbox in Blackboard.

Scenario:

As the accountant for Runson Moving Company, you are preparing the companys annual return, Form 940 and Schedule A. Use the following information to complete both. Address: 423 Bristol Pike Sacramento, CA 94203-4523 EIN: 00-0003793 The net FUTA tax liability for each quarter of 2018 are: First $ 220.10 Second $ 107.60 Third $ 101.00 Fourth $ 56.10 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, 2019. Assume that the electronic payment was made on time. One of the employees performs all of his duties in another state Arizona. Total payments made to employees during calendar year 2018: California $ 102,310 Arizona $ 18,490 Total $ 120,800 Employer contributions in California into employees 401(k) retirement plan: $3,500 Payments made to employees in excess of $ 7,000: $ 36,500 ($11,490 from Arizona and $25,010 from California. Form is to be signed by Mickey Vixon, Vice President. Phone number 219-555-8310

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