Question
Complete Form 940 for Blacklist Associates (employer identification #44-4444444). Assume that Blacklist Associates (located at 504 Cypress Avenue, Providence, RI 02801) chooses to complete and
Complete Form 940 for Blacklist Associates (employer identification #44-4444444). Assume that Blacklist Associates (located at 504 Cypress Avenue, Providence, RI 02801) chooses to complete and mail Form 940 on the due date. Note that Blacklist Associates only pays SUTA tax in Rhode Island. The form is signed by the CEO of the company, James Scott (telephone #401-555-0492). The company elects to delay remitting FUTA tax until it is required to do so. Total employee compensation for the year was $452,870, and total charitable contributions totaled $18,500. All earnings subject to FUTA tax are also subject to SUTA tax. Blacklist Associates allows its accountant (Wally Gorman, telephone #401-555-9366, Pin #80515) to discuss the form with the IRS. Four employees of Blacklist Associates earned more than $7,000 that was subject to FUTA tax (each exceeded this threshold in the 1st quarter), while a fifth employee hired during the 4th quarter earned only $3,200 that was subject to FUTA tax.
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