Question
Complete Part 2 of Form 940 based on the following information: Total payroll for the year$824,952 Payroll to employees in excess of $7,000$352,392 Employer contributions
Complete Part 2 of Form 940 based on the following information:
Total payroll for the year$824,952
Payroll to employees in excess of $7,000$352,392
Employer contributions into employees' 401(k) plans$31,107
Part 2: Determine your FUTA tax before adjustments for 2017, if any line does NOT apply leave it blank.
3Total payments to all employees---------------------------------------------------------------------
4Payment exempt from FUTA tax--------------------------------------------------------------------
5Total of payment made to employees in excess of $7000-----
6Subtotal (line 4+line 5 =line 6)----------------------------------------------------------------------
7 Total taxable FUTA wages (line 3-line 6=line 7)-------------------------------------------------
8 FUTA tax before adjustments (line 7x .006=line 8)----------------------------------------------
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