Problem 5-5 (6 points) Annual payroll information for Lidge Company of Texas is included here Total payroll for the year Payroll to employees in excess of $7000 Employer contributions into employees 401(0) plans $913,590.00 $421,930.00 $23,710.00 FUTA taxable wages by quarter 1st quarter 2nd quarter 3rd quarter 4th quarter Total $237,000.00 $168,000.00 $54,000.00 $8,950.00 $467 950.00 18 19 20 Required: complete Parts 2,3,4 and 5 of Form 940 below. Note that all FUTA tax was paid on time. Part 2: Determine your FUTA tax before edjustments for 2014. If any line does NOT apply leave it blank 24 Toal payments to all employees 4 Payments exempt troes FUA tax 4a Fringe benefits 4bL Group-term lifeinsurance oeck am that apply: 4dDependentcarel 2 Total of paryments made to each employee in excess of $7000 4Sbtotal (line 4 + line 5 - line 6) 7 Total taxable FUTA wages (line 3- Bine 6 -line 7) Isee instructions Cover & CHT CH2 CH3 Form 941 CHACH 5 Form 940 Problem 5-5 (6 points) Annual payroll information for Lidge Company of Texas is included here Total payroll for the year Payroll to employees in excess of $7000 Employer contributions into employees 401(0) plans $913,590.00 $421,930.00 $23,710.00 FUTA taxable wages by quarter 1st quarter 2nd quarter 3rd quarter 4th quarter Total $237,000.00 $168,000.00 $54,000.00 $8,950.00 $467 950.00 18 19 20 Required: complete Parts 2,3,4 and 5 of Form 940 below. Note that all FUTA tax was paid on time. Part 2: Determine your FUTA tax before edjustments for 2014. If any line does NOT apply leave it blank 24 Toal payments to all employees 4 Payments exempt troes FUA tax 4a Fringe benefits 4bL Group-term lifeinsurance oeck am that apply: 4dDependentcarel 2 Total of paryments made to each employee in excess of $7000 4Sbtotal (line 4 + line 5 - line 6) 7 Total taxable FUTA wages (line 3- Bine 6 -line 7) Isee instructions Cover & CHT CH2 CH3 Form 941 CHACH 5 Form 940