Figure 5.2, Figure 5.5 and Figure 5.6 Since the SUTA rates changes are made at the end of each year, the available 2019 rates were used for FUTA and SUTA. Note: For this textbook edition the rate 0.6% was used for the net FUTA tax rate for employers. The information listed below refers to the employees of Lemonica Company for the year ended December 31, 20-- The wages are separated into the quarters in which they were paid to the individual employees. Name Social Security # 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Total $5,800 55.000 $21,000 $5,000 13,400 13,000 13,400 000-00-0001 000-00-0003 000-00-1998 000-00-7413 $5,200 13,400 2,400 53,200 2,000 2,300 2.300 9,000 11,600 11,700 11,700 11,700 000-00-6523 13.600 14,500 15,000 Robert G. Cramer Daniel M. English (Foreman) Ruth A. Small Harry B. Klaus N. George (Manager) Mavis R. Jones Marshall T. McCoy Bertram A. Gompers (President) Arthur S. Rooks Mary R. Bastian Klaus C. Werner 14,000 1.700 46,700 57,100 5,000 1,600 1,700 -0- 000-00-6789 000-00-3334 000-00-1014 11,400 11,400 -0- 22,800 24,500 25,000 25,500 26,300 101,300 000-00-7277 -0- 700 1.700 1,700 4,100 000-00-8111 8,000 8,200 8,200 8,200 32,600 000-00-2623 2.300 2.500 2,500 2,500 9,800 23,000 Kathy T. Tyler 000-00-3534 -0- 11,300 11,700 Totals $93.800 $95,900 $97,800 598,100 $385,600 For 20-- State D's contribution rate for Lemonica Company, based on the experience-rating system of the state, was 2.8% of the first $7,000 of each employee's earnings. The state tax returns are due one month after the end of each calendar quarter. During 20-- the company paid $2,214.80 of contributions to State D's unemployment fund. The president of the company prepares and signs all tax forms. The company uses Magnetic Media UC-2A when completing the form Employer's phone number: (613) 555-0029. Employer's State Dreporting number: 00595. Using the form below, complete the following for 20-- Indicate on each form the date that the form should be electronically submitted and the amount of money that must be paid. a. What is the date and amount of the FUTA tax payment for the fourth quarter of 20--? State D is not a credit reduction state. Enter date in mm/dd/yyyy format. Tax Payment: Date 1/31/20-- Amount b. Employer's Report for Unemployment Compensation, State D-4th quarter only. Item 1 is the number of employees employed in the pay period that includes the 12th of each month in the quarter. For Lemonica Company, the number of employees is eight in October, seven in November, and eight in December. All employees earned 13 credit weeks during the last quarter except for Rooks (8) and Tyler (9). If an input box does not require an entry, leave it blank. $ 4/20- 3RD MONTH W 8 7 8 If an input box does not require an entry, leave it blank. State D Form UC-2 REV 08-18, Employer's Report for Unemployment Compensation QTR./YEAR Read Instructions-Answer Each Item DUE DATE 01/31/20-- IST MONTH 2ND MONTH EXAMINED BY: 1. TOTAL COVERED EMPLOYEES IN PAY PERIOD INCL. 12TH OF MONTH Signature certifies that the information contained hereins true and correct to the best of the signer's knowledge. 2. GROSS WAGES 98,100 10. SIGN HERE-DO NOT PRINT 3. EMPLOYEE XX Bertram A. Gompers CONTRIBUTIONS DETACH HERE FOR DEPT. USE XXXXXX TITLE President 4. TAXABLE WAGES FOR EMPLOYER CONTRIBUTIONS DATE 1/31/- PHONE 613-555-0029 11. FILED PAPER UC-2A INTERNET UC-2A 12. FEDERAL IDENTIFICATION NUMBER 5. EMPLOYER CONTRIBUTIONS DUE (RATE X ITEM 4) 6. TOTAL CONTRIBUTIONS DUE (ITEMS 3 + 5) EMPLOYER'S ACCT. NO. Ill Employer name and address Make any corrections on Form UC-2B CHECK DIGIT 2.8% 00596 1 EMPLOYER'S CONTRIBUTION RATE 0 LEMONICA COMPANY 123 SWAMP ROAD PIKESVILLE, D STATE 10777-2017 7. INTEREST DUE SEE INSTRUCTIONS S. PENALTY DUE SEE INSTRUCTIONS 9. TOTAL REMETTANCE (ITEMS 6 + 7 + 8) MAKE CHECKS PAYABLE TO: PA UC FUND SUBJECTIVITY DATE REPORT DELINQUENT DATE pennsylvania State D Form UC-2A, Employer's Quarterly DRATHONT OF LABOR & TROUSTRY Report of Wages Paid to Each Employee See instructions on separate sheet. Information MUST be typewritten or printed in BLACK ink. Do not use commas ( . ) or dollar signs ($). If typed disregard vertical bars and type a consecutive string of characters. If hand printed print in CAPS and within the boxes as below: SAMPLE SAMPLE SAMPLE 123456.00 2 3 4 5 6:10 Filled- Typed: Handwritten: in: Employer name Employer Check Quarter and year Quarter ending date (Make corrections on Form UC-2B) State DUC account no digit Q/YYYY MM/DD/YYYY Lemonica Company 4/20- 12/31/20-- 00596 1 1. Name and telephone number of preparer Bertram A. Gompers (613) 555-0029 2. Total number of pages in this report 3. Total number of employees listed in item 8 on all pages of Form UC-ZA 4. Plant number (if approved) 1 10 5. Gross wages, MUST agree with item 2 on UC-2 and the sum of item 11 on all pages of Form UC-2A 98,100 6. Fill in this circle if you would like the Department to preprint your employee's names & SSNs on Form UC-2A - Yes next quarter 10. Credit 8. Employee's name FI MI 9. Gross wages paid this qtr. Example: 123456.00 LAST weeks 7. Employee's Social Security Number (Omit Hyphens) Select: 000 00 0001 000 00 0003 R G Cramer 5,200 13 D M English 13,400 13 000 00 1998 R A Small 2,400 13 000 00 7413 H B Klaus 11,700 13 000 00 6523 K N George 15,000 13 000 00 1014 B A Gompers 26,300 13 000 00 7277 A S Rooks 1,700 8 000 00 8111 M R Bastian 8,200 13 2,500 13 11,700 9 000 00 2623 K c Werner 000 00 3534 K Tyler List any additional employees on continuation sheets in the required format (see instructions). 11. Total gross wages for this page: 12. Total number of employees for this page 10 UC-2A REV 07-16 13. Page 1 of 1 98,100 c. Employer's Annual Federal Unemployment (FUTA) Tax Return-Form 940 Form 940 for 20--Employer's Annual Federal Unemployment (FUTA) Tax Return Department of the Treasury - Internal Revenue Service OMB No. 1545-0028 0 0 0 6 4 2 1 Employer identification number 0 0 (EIN) Name (not your trade name) LEMONICA COMPANY Trade name (if any) Type of Return (Select one.) None of these Go to www.irs.gov/ Form940 for instructions and the latest information Address 123 SWAMP ROAD Number Street Suite or room number PIKESVILLE D 10777-2017 City State ZIP code Foreign country name Foreign province/county Foreign postal code Read the separate instructions before you fill out this form. Please type or print within the boxes. Part 1: Tell us about your return. If any line does NOT apply, leave it blank. See instructions before completing Part 1. 1a If you had to pay state unemployment tax in one state only, enter the state abbreviation 1a D 1b If you had to pay state unemployment tax in more than one state, you are a multi-state employer... 1b Check here. Complete Schedule A (Form 940). 2 Check here Complete Schedule A (Form 940). 3 98,100X 4 2. If you paid wages in a state that is subject to CREDIT REDUCTION 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 Select: Blank (no payments exempt from FUTA) 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). See instructions. 8 FUTA tax before adjustments (line 7 x 0.005 = line 8).. Part 3: Determine your adjustments. If any line does NOT apply, leave it blank. 9 If ALL of the taxable FUTA wages you paid were excluded from state unemployment tax, multiply line 7 by 0.054 (line 7 x 0.054 = line 9). Go to line 12. 5 6 7 8 9 10 11 E... 12 10 If SOME of the taxable FUTA wages you paid were excluded from state unemployment tax, OR you paid ANY state unemployment tax late after the due date for filing Form 940), complete the worksheet in the instructions. Enter the amount from line 7 of the worksheet ... 11 If credit reduction applies, enter the total from Schedule A (Form 940). Part 4: Determine your FUTA tax and balance due or overpayment. If any line does NOT apply, leave it blank. 12 Total FUTA tax after adjustments (lines 8 + 9 - 10 - 11 = line 12)...... 13 FUTA tax deposited for the year, including any overpayment applied from a prior year 14 Balance due. If line 12 is more than line 13, enter the excess on line 14. If line 14 is more than $500, you must deposit your tax, If line 14 is 5500 or less, you may pay with this return. See instructions .. 15 Overpayment. If line 13 is more than line 12, enter the excess on line 15 and check a box below. You MUST complete both pages of this form and SIGN it. Check one: Apply to next return. LIMO 13 14 15 Send a refund. Next For Privacy Act and Paperwork Reduction Act Notice, see the back of Form 940-V, Payment Voucher. Cat. No. 112340 Form 940 (2018) Name (not your trade name) Employer identification number (EIN) LEMONICA COMPANY 00-0006421 Part 5: Report your FUTA tax liability by quarter only if line 12 is more than $500. If not, go to Part 6. 16 Report the amount of your FUTA tax liability for each quarter; do NOT enter the amount you deposited. If you had no liability for a quarter, leave the line blank. 16a 1st quarter (January 1 - March 31). 16a 166 2nd quarter (April 1 - June 30). 16b 160 3rd quarter (July 1 - September 30) 160 16d 4th quarter (October 1 - December 31) 16d 17 Total tax liability for the year (lines 16a + 16 + 160 + 16d = line 17) 17 Total must equal line 12. Part 6: May we speak with your third-party designee? Do you want to allow an employee, a paid tax preparer, or another person to discuss this return with the IRS? See the instructions for details. No V Designee's name and phone number Select a 5-digit Personal Identification Number (PIN) to use when talking to IRS Part 7: Sign here. You MUST fill out both pages of this form and SIGN it. Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete, and that no part of any payment made to a state unemployment fund claimed as a credit was, or is to be deducted from the payments made to employees. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Print your Bertram A. Gompers Sign your name here X Bertram A. Gompers name here Print your title here President Date 1/31/-- Best daytime phone 613-555-0029 Check if you are self-employed PTIN Paid Preparer Use Only Preparer's name Preparer's signature Firm's name (or yours if self-employed) Date EIN Address Phone City State ZIP code Page 2 Form 940 (2018) Source: Internal Revenue Service Figure 5.2, Figure 5.5 and Figure 5.6 Since the SUTA rates changes are made at the end of each year, the available 2019 rates were used for FUTA and SUTA. Note: For this textbook edition the rate 0.6% was used for the net FUTA tax rate for employers. The information listed below refers to the employees of Lemonica Company for the year ended December 31, 20-- The wages are separated into the quarters in which they were paid to the individual employees. Name Social Security # 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Total $5,800 55.000 $21,000 $5,000 13,400 13,000 13,400 000-00-0001 000-00-0003 000-00-1998 000-00-7413 $5,200 13,400 2,400 53,200 2,000 2,300 2.300 9,000 11,600 11,700 11,700 11,700 000-00-6523 13.600 14,500 15,000 Robert G. Cramer Daniel M. English (Foreman) Ruth A. Small Harry B. Klaus N. George (Manager) Mavis R. Jones Marshall T. McCoy Bertram A. Gompers (President) Arthur S. Rooks Mary R. Bastian Klaus C. Werner 14,000 1.700 46,700 57,100 5,000 1,600 1,700 -0- 000-00-6789 000-00-3334 000-00-1014 11,400 11,400 -0- 22,800 24,500 25,000 25,500 26,300 101,300 000-00-7277 -0- 700 1.700 1,700 4,100 000-00-8111 8,000 8,200 8,200 8,200 32,600 000-00-2623 2.300 2.500 2,500 2,500 9,800 23,000 Kathy T. Tyler 000-00-3534 -0- 11,300 11,700 Totals $93.800 $95,900 $97,800 598,100 $385,600 For 20-- State D's contribution rate for Lemonica Company, based on the experience-rating system of the state, was 2.8% of the first $7,000 of each employee's earnings. The state tax returns are due one month after the end of each calendar quarter. During 20-- the company paid $2,214.80 of contributions to State D's unemployment fund. The president of the company prepares and signs all tax forms. The company uses Magnetic Media UC-2A when completing the form Employer's phone number: (613) 555-0029. Employer's State Dreporting number: 00595. Using the form below, complete the following for 20-- Indicate on each form the date that the form should be electronically submitted and the amount of money that must be paid. a. What is the date and amount of the FUTA tax payment for the fourth quarter of 20--? State D is not a credit reduction state. Enter date in mm/dd/yyyy format. Tax Payment: Date 1/31/20-- Amount b. Employer's Report for Unemployment Compensation, State D-4th quarter only. Item 1 is the number of employees employed in the pay period that includes the 12th of each month in the quarter. For Lemonica Company, the number of employees is eight in October, seven in November, and eight in December. All employees earned 13 credit weeks during the last quarter except for Rooks (8) and Tyler (9). If an input box does not require an entry, leave it blank. $ 4/20- 3RD MONTH W 8 7 8 If an input box does not require an entry, leave it blank. State D Form UC-2 REV 08-18, Employer's Report for Unemployment Compensation QTR./YEAR Read Instructions-Answer Each Item DUE DATE 01/31/20-- IST MONTH 2ND MONTH EXAMINED BY: 1. TOTAL COVERED EMPLOYEES IN PAY PERIOD INCL. 12TH OF MONTH Signature certifies that the information contained hereins true and correct to the best of the signer's knowledge. 2. GROSS WAGES 98,100 10. SIGN HERE-DO NOT PRINT 3. EMPLOYEE XX Bertram A. Gompers CONTRIBUTIONS DETACH HERE FOR DEPT. USE XXXXXX TITLE President 4. TAXABLE WAGES FOR EMPLOYER CONTRIBUTIONS DATE 1/31/- PHONE 613-555-0029 11. FILED PAPER UC-2A INTERNET UC-2A 12. FEDERAL IDENTIFICATION NUMBER 5. EMPLOYER CONTRIBUTIONS DUE (RATE X ITEM 4) 6. TOTAL CONTRIBUTIONS DUE (ITEMS 3 + 5) EMPLOYER'S ACCT. NO. Ill Employer name and address Make any corrections on Form UC-2B CHECK DIGIT 2.8% 00596 1 EMPLOYER'S CONTRIBUTION RATE 0 LEMONICA COMPANY 123 SWAMP ROAD PIKESVILLE, D STATE 10777-2017 7. INTEREST DUE SEE INSTRUCTIONS S. PENALTY DUE SEE INSTRUCTIONS 9. TOTAL REMETTANCE (ITEMS 6 + 7 + 8) MAKE CHECKS PAYABLE TO: PA UC FUND SUBJECTIVITY DATE REPORT DELINQUENT DATE pennsylvania State D Form UC-2A, Employer's Quarterly DRATHONT OF LABOR & TROUSTRY Report of Wages Paid to Each Employee See instructions on separate sheet. Information MUST be typewritten or printed in BLACK ink. Do not use commas ( . ) or dollar signs ($). If typed disregard vertical bars and type a consecutive string of characters. If hand printed print in CAPS and within the boxes as below: SAMPLE SAMPLE SAMPLE 123456.00 2 3 4 5 6:10 Filled- Typed: Handwritten: in: Employer name Employer Check Quarter and year Quarter ending date (Make corrections on Form UC-2B) State DUC account no digit Q/YYYY MM/DD/YYYY Lemonica Company 4/20- 12/31/20-- 00596 1 1. Name and telephone number of preparer Bertram A. Gompers (613) 555-0029 2. Total number of pages in this report 3. Total number of employees listed in item 8 on all pages of Form UC-ZA 4. Plant number (if approved) 1 10 5. Gross wages, MUST agree with item 2 on UC-2 and the sum of item 11 on all pages of Form UC-2A 98,100 6. Fill in this circle if you would like the Department to preprint your employee's names & SSNs on Form UC-2A - Yes next quarter 10. Credit 8. Employee's name FI MI 9. Gross wages paid this qtr. Example: 123456.00 LAST weeks 7. Employee's Social Security Number (Omit Hyphens) Select: 000 00 0001 000 00 0003 R G Cramer 5,200 13 D M English 13,400 13 000 00 1998 R A Small 2,400 13 000 00 7413 H B Klaus 11,700 13 000 00 6523 K N George 15,000 13 000 00 1014 B A Gompers 26,300 13 000 00 7277 A S Rooks 1,700 8 000 00 8111 M R Bastian 8,200 13 2,500 13 11,700 9 000 00 2623 K c Werner 000 00 3534 K Tyler List any additional employees on continuation sheets in the required format (see instructions). 11. Total gross wages for this page: 12. Total number of employees for this page 10 UC-2A REV 07-16 13. Page 1 of 1 98,100 c. Employer's Annual Federal Unemployment (FUTA) Tax Return-Form 940 Form 940 for 20--Employer's Annual Federal Unemployment (FUTA) Tax Return Department of the Treasury - Internal Revenue Service OMB No. 1545-0028 0 0 0 6 4 2 1 Employer identification number 0 0 (EIN) Name (not your trade name) LEMONICA COMPANY Trade name (if any) Type of Return (Select one.) None of these Go to www.irs.gov/ Form940 for instructions and the latest information Address 123 SWAMP ROAD Number Street Suite or room number PIKESVILLE D 10777-2017 City State ZIP code Foreign country name Foreign province/county Foreign postal code Read the separate instructions before you fill out this form. Please type or print within the boxes. Part 1: Tell us about your return. If any line does NOT apply, leave it blank. See instructions before completing Part 1. 1a If you had to pay state unemployment tax in one state only, enter the state abbreviation 1a D 1b If you had to pay state unemployment tax in more than one state, you are a multi-state employer... 1b Check here. Complete Schedule A (Form 940). 2 Check here Complete Schedule A (Form 940). 3 98,100X 4 2. If you paid wages in a state that is subject to CREDIT REDUCTION 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 Select: Blank (no payments exempt from FUTA) 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). See instructions. 8 FUTA tax before adjustments (line 7 x 0.005 = line 8).. Part 3: Determine your adjustments. If any line does NOT apply, leave it blank. 9 If ALL of the taxable FUTA wages you paid were excluded from state unemployment tax, multiply line 7 by 0.054 (line 7 x 0.054 = line 9). Go to line 12. 5 6 7 8 9 10 11 E... 12 10 If SOME of the taxable FUTA wages you paid were excluded from state unemployment tax, OR you paid ANY state unemployment tax late after the due date for filing Form 940), complete the worksheet in the instructions. Enter the amount from line 7 of the worksheet ... 11 If credit reduction applies, enter the total from Schedule A (Form 940). Part 4: Determine your FUTA tax and balance due or overpayment. If any line does NOT apply, leave it blank. 12 Total FUTA tax after adjustments (lines 8 + 9 - 10 - 11 = line 12)...... 13 FUTA tax deposited for the year, including any overpayment applied from a prior year 14 Balance due. If line 12 is more than line 13, enter the excess on line 14. If line 14 is more than $500, you must deposit your tax, If line 14 is 5500 or less, you may pay with this return. See instructions .. 15 Overpayment. If line 13 is more than line 12, enter the excess on line 15 and check a box below. You MUST complete both pages of this form and SIGN it. Check one: Apply to next return. LIMO 13 14 15 Send a refund. Next For Privacy Act and Paperwork Reduction Act Notice, see the back of Form 940-V, Payment Voucher. Cat. No. 112340 Form 940 (2018) Name (not your trade name) Employer identification number (EIN) LEMONICA COMPANY 00-0006421 Part 5: Report your FUTA tax liability by quarter only if line 12 is more than $500. If not, go to Part 6. 16 Report the amount of your FUTA tax liability for each quarter; do NOT enter the amount you deposited. If you had no liability for a quarter, leave the line blank. 16a 1st quarter (January 1 - March 31). 16a 166 2nd quarter (April 1 - June 30). 16b 160 3rd quarter (July 1 - September 30) 160 16d 4th quarter (October 1 - December 31) 16d 17 Total tax liability for the year (lines 16a + 16 + 160 + 16d = line 17) 17 Total must equal line 12. Part 6: May we speak with your third-party designee? Do you want to allow an employee, a paid tax preparer, or another person to discuss this return with the IRS? See the instructions for details. No V Designee's name and phone number Select a 5-digit Personal Identification Number (PIN) to use when talking to IRS Part 7: Sign here. You MUST fill out both pages of this form and SIGN it. Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete, and that no part of any payment made to a state unemployment fund claimed as a credit was, or is to be deducted from the payments made to employees. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. Print your Bertram A. Gompers Sign your name here X Bertram A. Gompers name here Print your title here President Date 1/31/-- Best daytime phone 613-555-0029 Check if you are self-employed PTIN Paid Preparer Use Only Preparer's name Preparer's signature Firm's name (or yours if self-employed) Date EIN Address Phone City State ZIP code Page 2 Form 940 (2018) Source: Internal Revenue Service
