Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cralic Company has 12 employees and operates in Montana, The Form 940 for the year contains the following information: 4 14,543 54 4o. Other Part

image text in transcribed
image text in transcribed
Cralic Company has 12 employees and operates in Montana, The Form 940 for the year contains the following information: 4 14,543 54 4o. Other Part 2: Determine your FUTA tax before adjustments. If any line does NOT apply, leave it blank. 3 Total payments to all employees 4 Payments exempt from FUTA tax Check all that apply 40. Fringe benefits 4b. Group-torm life insurance 5 Total of payments made to each employee in excess of $7,000 6 Subtotal (line 4+ line 5 line 6) 7 Total taxable FUTA wages (line 3 - Sine 6 in 7). See Instructions 8 FUTA tax before adjustments (lino 70.006 Ine 8) 40. Retirement Pension 4d. Dependent care 8 7 What amount should be entered on line 57 (Assume that all emplayees had exceeded the FUTA wage base) $84.000.00 O $1,835.91 $207,440,75 $1,331.91 Pes and operates in Montana, The Form 940 for the year contains the following information: 3 305,984 29 4 14,543.54 4e. Other bofore adjustments. If any line does NOT apply, leave it blank. loyees JTA tax 4a: Fringe benefits 4b. Group-term life insurance D each employee in excess of $7,000 line 6) (line 3 - line 6 = line 7). See Instructions nts (line 7x0.006 = line B) 4c. Retirement Pension 4d. Dependent care 5 6 7 8 on line 5? (Assume that all employees had exceeded the FUTA wage base.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Information Technology Security Audit Guidebook NIST SP 800-171

Authors: Mark A Russo CISSP-ISSAP CISO

1st Edition

1726674908, 978-1726674904

More Books

Students also viewed these Accounting questions