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. 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 2nd quarter $43,700 $24,940 3rd quarter $14,360 4th quarter $3,230 If required, round your answers to two decimal places. Part 2: Determine your FUTA tax before adjustments. If any line does NOT apply, leave it blank. 3 Total payments to all employees 3 155,900 4 Payments exempt from FUTA tax 3,000 Select: 5 5 66,670 6 69,670 Total of payments made to each employee in excess of $7,000 6 Subtotal (line 4 + line 5 = line 6) 7 Total taxable FUTA wages (line 3 - line 6 = line 7) FUTA tax before adjustments (line 7x.006 = line 8) 7 86,230 8 8 00 517.38 Part 5: Report your FUTA tax liability by quarter only if line 12 is more than $500. If not, go to Part 6. 16b 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, leave the line blank. 16a 1st quarter (January 1 - March 31) 16a 16b 2nd quarter (April 1 - June 30) 16c 3rd quarter (July 1 - September 30) 16d 4th quarter (October 1 - December 31) 17 Total tax liability for the year (lines 16a + 16b + 16C + 16d = line 17) 17 Total must equal line 12 160 16d =