PSC $6-5$ Complete Form $940$

Complete Form $940$ for Computer Repair $($Employer Identification #$66-6666666).$ Assume that Computer Repair $($located at $9687$ Turner Lane, Phoenix, AZ $85202)$ chooses to complete and mail Form $940$ on the due date. Note that Computer Repair pays only SUTA tax in Arizona. The form is signed by the CEO of the company, Darren Hensley $($telephone #$202-555-5555).$ The company elects to delay remitting FUTA tax until it is required to do so$.$ Total employee compensation for the year was $$524,940,$ and total charitable contributions totaled $$21,250.$ All earnings subject to FUTA tax are also subject to SUTA tax. Computer Repair allows its accountant $($Joshua Martin, telephone #$202-555-5543,$ PIN #$87554)$ to discuss the form with the IRS. Three employees of Computer Repair earned more than $$7,000$ that was subject to FUTA tax $($each exceeded this threshold in the $1$st quarter$),$ while a fourth employee hired during the $4$th quarter earned only $$2,700$ that was subject to FUTA tax.

Notes:

For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.