Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Requlred Informatlon [ The following information applies to the questions displayed below. ] Certain transactions and procedures relating to federal and state unemployment taxes follow

Requlred Informatlon
[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 retail
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.
Requlred:
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 201 appears above. The
federal tax deposits were submitted as follows: a deposit of $162.38 on April 21, a deposit of $336.96 on July 22, and a deposit
of $66.18 on October 21. Date the unemployment tax return January 28,202 A check for the balance due as per line 14, Part 4.
will be sent with Form 940.
In general journal form, record issuance of a check on January 28,20\times 2, for the balance of FUTA tax due for 201.
Complete this question by entering your answers in the tabs below.
In general journal form, record issuance of a check on January 28,202, for the balance of FUTA tax due for 201.
Note: Round your answers to 2 decimal places.
image text in transcribed

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

Step: 3

blur-text-image

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

Cost Accounting With Integrated Data Analytics

Authors: Karen Congo Farmer, Amy Fredin

1st Edition

1119731860, 9781119731863

More Books

Students also viewed these Accounting questions