Question
For 2016, 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
For 2016, 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 2016, 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 D reporting number: 00596. Using the forms below, complete the following for 2016. When required, round amounts to the nearest cent. Use the rounded answers for subsequent computations, if required. a. What is the date and amount of the FUTA tax payment for the fourth quarter of 2016? State D is not a credit reduction state. Enter date in mm/dd/yyyy format. Tax Payment: (Need this answer from table info below)
The information listed below refers to the employees of Lemonica Company for the year ended December 31, 2016. 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 | |||||||||||||
Robert G. Cramer | 000-00-0001 | $5,800 | $5,000 | $5,000 | $5,200 | $21,000 | |||||||||||||
Daniel M. English (Foreman) | 000-00-0003 | 13,000 | 13,400 | 13,400 | 13,400 | 53,200 | |||||||||||||
Ruth A. Small | 000-00-1998 | 2,000 | 2,300 | 2,300 | 2,400 | 9,000 | |||||||||||||
Harry B. Klaus | 000-00-7413 | 11,600 | 11,700 | 11,700 | 11,700 | 46,700 | |||||||||||||
Kenneth N. George (Manager) | 000-00-6523 | 13,600 | 14,000 | 14,500 | 15,000 | 57,100 | |||||||||||||
Mavis R. Jones | 000-00-6789 | 1,600 | 1,700 | 1,700 | -0- | 5,000 | |||||||||||||
Marshall T. McCoy | 000-00-3334 | 11,400 | 11,400 | -0- | -0- | 22,800 | |||||||||||||
Bertram A. Gompers (President) | 000-00-1014 | 24,500 | 25,000 | 25,500 | 26,300 | 101,300 | |||||||||||||
Arthur S. Rooks | 000-00-7277 | -0- | 700 | 1,700 | 1,700 | 4,100 | |||||||||||||
Mary R. Bastian | 000-00-8111 | 8,000 | 8,200 | 8,200 | 8,200 | 32,600 | |||||||||||||
Klaus C. Werner | 000-00-2623 | 2,300 | 2,500 | 2,500 | 2,500 | 9,800 | |||||||||||||
Kathy T. Tyler | 000-00-3534 | -0- | -0- | 11,300 | 11,700 | 23,000 | |||||||||||||
Totals | $93,800 | $95,900 | $97,800 | $98,100 | $385,600 | ||||||||||||||
Then I need the following 16a, 16b, 15c, 16d , and total figured out:
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 | |||
16b 2nd quarter (April 1 June 30) . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 16b | |||
16c 3rd quarter (July 1 September 30) . . . . . . . . . . . . . . . . . . . . . . . . . | 16c | |||
16d 4th quarter (October 1 December 31). . . . . . . . . . . . . . . . . . . . . . . | 16d | |||
17 | Total tax liability for the year (lines 16a + 16b + 16c + 16d = line 17) | 17 | Total must equal line 12. |
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