Since the SUTA rates changes are made at the end of each year and there is much discussion about changes to the FUTA rate, the available 2016 rates were used for FUTA and SUTA. Note: For this textbook edition the rate 0.6% was used for the FUTA tax rate for employers. As the accountant for Runson Moving Company, you are preparing the company's annual return, Form 940 and Schedule A. Use the following information to complete Form 940 and Schedule A The net FUTA tax liability for each quarter of 2017 was as follows: 1st, $219.40; 2nd, $105.80; 3rd, $105.90; and 4th, $56.40 plus the credit reduction. Since the net FUTA tax liability did not exceed $500 until the 4th quarter, the company was required to make its first deposit of FUTA taxes on January 31, 2018. Assume that the electronic payment was made on time a. One of the employees performs all of his duties in another state-Arizona b. Total payments made to employees during calendar year 2017 Callfornia Arizona Total c. Employer contributions in California into employees 401(k) retirement plan: $3,470 d. Payments made to employees in excess of $7,000: $37,540 ($12,350 from Arizona and $25,190 from California) e. Form is to be signed by Mickey Vixon, Vice President. f. Phone number- (219) 555-8310 If an input box does not require an entry, leave it blank. When required, round amounts to the nearest cent $102,910O 19,350 5122,260 Form 940 for 20 Employer's Annual Federal Unemployment (FUTA) Tax Return Department of the Treasury Internal Revenue Service OMD No. 1545-0028 Employer identification number (EIN) Name (not your trade name) RUNSON MOVING COMPANY Trade name (if any) Type of Return (Select one.) Instructions and prior-year forms are available at www.irs.gov/form940 Address 423 BRISTOL PIKE Number Street Sulte or room number SACRAMENTO CA 94203-4523 City State ZIP code Foreign cauntry namoe Fareign province/county Foreign postal cade Read the separate instructions before you fill out this form. Please type or print within the boxes. Since the SUTA rates changes are made at the end of each year and there is much discussion about changes to the FUTA rate, the available 2016 rates were used for FUTA and SUTA. Note: For this textbook edition the rate 0.6% was used for the FUTA tax rate for employers. As the accountant for Runson Moving Company, you are preparing the company's annual return, Form 940 and Schedule A. Use the following information to complete Form 940 and Schedule A The net FUTA tax liability for each quarter of 2017 was as follows: 1st, $219.40; 2nd, $105.80; 3rd, $105.90; and 4th, $56.40 plus the credit reduction. Since the net FUTA tax liability did not exceed $500 until the 4th quarter, the company was required to make its first deposit of FUTA taxes on January 31, 2018. Assume that the electronic payment was made on time a. One of the employees performs all of his duties in another state-Arizona b. Total payments made to employees during calendar year 2017 Callfornia Arizona Total c. Employer contributions in California into employees 401(k) retirement plan: $3,470 d. Payments made to employees in excess of $7,000: $37,540 ($12,350 from Arizona and $25,190 from California) e. Form is to be signed by Mickey Vixon, Vice President. f. Phone number- (219) 555-8310 If an input box does not require an entry, leave it blank. When required, round amounts to the nearest cent $102,910O 19,350 5122,260 Form 940 for 20 Employer's Annual Federal Unemployment (FUTA) Tax Return Department of the Treasury Internal Revenue Service OMD No. 1545-0028 Employer identification number (EIN) Name (not your trade name) RUNSON MOVING COMPANY Trade name (if any) Type of Return (Select one.) Instructions and prior-year forms are available at www.irs.gov/form940 Address 423 BRISTOL PIKE Number Street Sulte or room number SACRAMENTO CA 94203-4523 City State ZIP code Foreign cauntry namoe Fareign province/county Foreign postal cade Read the separate instructions before you fill out this form. Please type or print within the boxes