Hi, i have a question about taxation and form 940 and scheduled A. I'll appreciate it of someone helps me.

I dont know how to calculate part 3 line 11 " if credit reduction applies, enter the total from schedule A" and part 5 line 16 "16d 4th quarter (October 1 December 31). . . . . . . . . . . . . . . . . . . . . . ."

Note: For this edition, the 2014 federal income tax tables, FICA rates, OASDI rate of 6.2% on wages up to $117,000 and the employee and employer HI rate of 1.45% on all wages was used.

Unless instructed otherwise, click here to calculate hourly rate and overtime rates.

Note: For this textbook edition the rate 0.6% was used for the FUTA tax rate for employers.

As the accountant for Runson Moving Company, you are preparing the company's annual return, Form 940 and Schedule A. Use the following information to complete Form 940 and Schedule A.

The net FUTA tax liability for each quarter of 2015 was as follows: 1st, $220.10; 2nd, $106.90; 3rd, $103.60; and 4th, $58.64 plus the credit reduction.

Since the net FUTA tax liability did not exceed $500 until the 4th quarter, the company was required to make its first deposit of FUTA taxes on February 2, 2016. Assume that the electronic payment was made on time.

a. One of the employees performs all of his duties in another state-Arizona.

b. Total payments made to employees during calendar year 2015:

California $103,170

Arizona 19,100

Total $122,270

c. Employer contributions in California into employees' 401(k) retirement plan: $3,570.

d. Payments made to employees in excess of $7,000: $37,160 ($12,100 from Arizona and $25,060 from California).

e. Form is to be signed by Mickey Vixon, Vice President.

f. Phone number - (219) 555-8310.

If an input box does not require an entry, leave it blank. When required, round amounts to the nearest cent.

12:08 AM If credit reduction applies, enter the total from Schedule A (Form 940) Determine your FuTA tax and balance due or overpayment for 20--. If any line does NOT apply, leave it blank. Total FUTA tax after ts (ines 8 9 10 11 ine 12) adjustment FUTA tax deposited for the year, including any overpayment applied from a prior year 13 489.24 Balance due (If line 12 is more than line 13, enter the excess on line 14.) 14 if line 14 is more than $500, you must deposit your tax. If line 14 is s500 or less, you may pay with this returm. (see instructions) overpayment (if line 13 is more than line 12, enter the excess on line 15 and check a box below.) 15 Check one: DApply to next return. Send a refund You MUST complete both pages of this form and SIGN it. Privacy Act and paperwork Reduction Act Notice, see the back of Form 940-v, Payment voucher. Cat. No. 112340 Form 940 Employer identification number (EIN) ie (not your trade name) 00-0003793 RUNSON Report your FUTA tax liability by qua sen only if line 12 is more than $500. If not, go to Part 6. Report the amount of your FUTA tax liability for each quarter do NOT enter the amount you deposited. If you had no liability fo quarter, leave the line blank. 16a 16a 1st quarter (anuary 1 March 31) 220.10 16b 16b 2nd quarter (April 1 June 30) 106.90 16c 16c 3rd quarter (July 1 September 30) 103.60 16d 4th quarter (october 1 December 31). 58.65 489.24 Total must equal line Total tax liability for the year (lines 16a 16b 16c 16d line 17)