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Expresso Company has four employees, and each employee earned $45,000 for the calendar year. Using a blank Form 940, complete Part 2, lines 38, to
Expresso Company has four employees, and each employee earned $45,000 for the calendar year. Using a blank Form 940, complete Part 2, lines 38, to answer the following questions: (Click the icon to view the questions.) (If a box is not used in the table leave the box empty, do not enter a zero. Round your calculations to the nearest cent as needed.) Part 2: Determine your FUTA tax before adjustments for 20XX. If any line does NOT apply, leave it blank. 3 Total payments to all employees .... 4 Payments exempt from FUTA tax...... ....4 4e Other Retirement/Pension Dependent care Check all that apply: 4a Fringe benefits 4c 4b Group-term life insurance 4d | 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 - line 6 = line 7) 8 FUTA tax before adjustments (line 7 x 0.006 = line 8) ........5 Expresso Company has four employees, and each employee earned $45,000 for the calendar year. Using a blank Form 940, complete Part 2, lines 38, to answer the following questions: (Click the icon to view the questions.) (If a box is not used in the table leave the box empty, do not enter a zero. Round your calculations to the nearest cent as needed.) Part 2: Determine your FUTA tax before adjustments for 20XX. If any line does NOT apply, leave it blank. 3 Total payments to all employees .... 4 Payments exempt from FUTA tax...... ....4 4e Other Retirement/Pension Dependent care Check all that apply: 4a Fringe benefits 4c 4b Group-term life insurance 4d | 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 - line 6 = line 7) 8 FUTA tax before adjustments (line 7 x 0.006 = line 8) ........5
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