Required Information [The following information applies to the questions displayed below.) Certain transactions and procedures relating to federal and state unemployment taxes follow for Robin's Nest LLC, a retall store owned by Robin Roberts. The firm's address is 2007 Lovely Lane, Dallas, TX 75268-0967. The firm's phone number is 972-456-1200.The employer's federal and state Identification numbers are 75-9462315 and 37.9462315, respectively, Carry out the procedures as instructed in each of the following steps. Wages Paid State Quarter Total In Excess Unemployment Ended Wages Paid of 57.000 Tax Paid Mar. 31 $ 27.363.00 -0- $ 465.17 June 10 60,100.00 4,200.00 960.84 Sept.30 32,700.00 21,210.00 195.33 Dec. 31 35,800.00 11.640.00 67.32 Totals $156,463.00 557,130.00 $1,611.66 Required: 1. Complete Form 940, the Employer's Annual Federal Unemployment Tax Return. Assume that all wages have been paid and that all quarterly payments have been submitted to the state as required. The payroll Information for 20X1 appears above. The federal tax deposits were submitted as follows a deposit of $164.18 on April 21, a deposit of $339.12 on July 22, and a deposit of $68.94 on October 21 Date the unemployment tox return January 28, 20X2. A check for the balance due as per line 14, Port 4 will be sent with 2. In general journal form, record issuance of a check on January 28, 20X2, for the balance of FUTA tax due for 20x1. Required information Complete this question by entering your answers in the tabs below. Req 1 940 PG Req 1 940 PG 1 2 Reg 2 Page 1 of Form 940 Form 940 for 20X1: Employer's Annual Federal Unemployment (FUTA) Tax Return 850113 Department of the Treasury Internal Revenue Service OVB No 1545-0028 Employer ID number (EIN.enter as xx. Type of Return (Check all that apply.) XXX) Name (not your trade name) Amended Trade name (if any) Successor employet Address No payment to employees in 20X1 Number Street Suite or room number d Fint Business closed or stopped paying City SU (NN) ZIP code wagos Instructions and proyer forms are available at wwwins gevorm940 Foreign country name Forsion province/county Foreign Postal code Read the separate instructions belore you complete this form. Please type or print within the boxes Part 1: Tell us about your return. If any line does NOT apply, leave it blank. See Instructions before completing Part 1 talf you had to pay state unemployment tax in one state only enter the state abbreviation (In Capital Letters) Complete Sched tbl you had to pay stata unemployment tax in more than one state, you are a multi-state employer, check here Complete Sched 2 you paid wages in a state that is subject to CREDIT REDUCTION, check here Part 2: Determine your FUTA tax before adjustments. If any line does NOT apply, leave it blank. (Round your answers to 2 decimal places.) Ta to * w we are Required information Part 2 Determine your FUTA tax before adjustments. If any line does NOT apply, leave it blank. (Round your answers to 2 decimal places.) Totat payments to all employees Payments exempt from FUTAX Check at that apply ta Fringe benefits 40. Retirement Pention 46. Other 10 Group-form life insurance 4d Dependent care 3 Total of payments made to each employee in excess of $7,000 Subtotal line 4+ine sine 6) 0.00 7 Total taxable FUTA wages in 3-line 6 in 7) (se intruction) 0.00 FUTA tax before adjustments 17.005 in ) Part 3: Determine your adjustments. If any line does NOT apply, leave it blank. IT ALL of the taxable FUTA wages you paid were excluded from state unemployment tax, multiply line 7 by 0.054 (ine 7x0.054) Go to los 12 10 #SOME of the taxable FUTA Wages you paid were excluded from state unemployment tax, OR you paid ANY state unemploy ment tax late (ahe me due date for ting Form 940), complete the worksheet in the intructions Enter the amount from line 70 the worksheet 11 of credit reduction applies, enter the total from Schedule A Form 040) Part 4: Determine your FUTA tax and balance due or overpayment. If any line does NOT apply, leave it blank. (Round your answers to 2 decimal places.) 12 Total FUTA tax after adjustments fines 8.9. 10. 11 line 121 12 0.00 13 FUTA tax deposited for the year, including any overpayment applied from a prior year 14 Balance due to line 12 is more than line 13. enter the excess on line 14) 14 is more than $500, you must deposit your tax . in 141 $500 or less, you may pwy with this room (see instructions) 0.00 15 Overpayment ftine 13 is more than in 12. enter the excess on line 15 and check a box below) 15 YOU MUST complete both pages of this form and SIGN IL Check on Appy to next return Send a refund Next For Privacy Act and Paperwork Reduction Act Notice, see the back of Form 940-V. Payment Voucher Cat No 112310 Form 90 20X1) THIS FORM IS A SIMULATION OF AN OFFICIAL US. TAX FORM. IT IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL 2019 McGraw Hill Education 10 11 13 14 0.00 Required information Req 1 940 PG Reg 1 940 PG Reg 2 Page 2 of Form 940 Name (not your trade name) Employer ID number (EIN enter as xxxXXCOOK) 160 160 Part 6 Report your FUTA tax liability by quarter only if line 12 is more than $500. If not, go to Part 6. (Round your answers to 2 decimal places.) 16 Report the amount of your FUTA tax liability for each quarter, do NOT enter the amount you deposited. If you had no liability for a quarter, entero. 160 10 quarter (January 1 March 31) 16b 2nd quarter (April 1 - June 30) 166 160 3rd quarter (July 1 - September 30) 16d 4th quarter (October 1 - December 31) 160 17 Total tax liability for the year (lines 162 16 160 + 16d line 17) Part 6 May we speak with your third-party designee? Do you want to altrow an employee, a paid tax preparer, or another person to discuss this return with the IRS? See the instructions for detalle Designeo's name and phone number Select a 5-digit Ponsonal Identification Number (PIN) to use when talking to IRS 17 Part 7: Sign here. You MUST complete both pages of this form and SIGN It