Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need Part 2 and 3 of form 940 filled out with the following:Section CDIRECTIONS: The information given below was taken from the payroll records

I need Part 2 and 3 of form 940 filled out with the following:Section CDIRECTIONS: The information given below was taken from the payroll records of Clegg Company

(Oregon employer) for 20--. Use the information to complete the partially illustrated Form 940 shown below. Assume

that all taxes were deposited timely. (2 points for each correct answer)

Total remuneration:

$155,900

Included in the total remuneration is $3,000 of

employers contributions

to the employees 401(k)

plans.

Remuneration in

excess of $7,000:

$66,670

Taxable remuneration

by quarters:

1st quarter ........ $43,700

2nd quarter ....... $24,940

3rd quarter ........ $14,360

4th quarter ........ $ 3,230

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

College Accounting

Authors: James A Heintz, Robert W Parry

20th Edition

538745215, 978-1111624743

More Books

Students also viewed these Accounting questions

Question

What is the general form of a ???? statistic?

Answered: 1 week ago

Question

Values: What is important to me?

Answered: 1 week ago

Question

Purpose: What do we seek to achieve with our behaviour?

Answered: 1 week ago

Question

An action plan is prepared.

Answered: 1 week ago