Question
Question: 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
Question: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
employer's 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
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