The information given below was taken from the payroll records of Clegg Company (Oregon cmployer) for 20 timely. Total remuneration: $155,900 Tncluded 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 3rd quarter 4th quarter Usc the information to complete the partially illustrated Form 940 shown below. Assume that all taxes were deposited $43,700 524,540 514,360 $3,230 If required, round your answers to two decimal places. Part 2: Determine your UIA tax before adjustments. If any linc does NOI apply, leave it blank 3 Total payments to all employees 4 Payments exempt from FUIA tax Select: 5 Total of payments made to each employee in excess of $7,000 6 Subtotal (line 4 + line S - line 6) 7 Total taxable FUTA wages (line 3-line 6-line 7 8 UTA tax before adjustments(line 7 x .006-line 8) Part 5: Report your FUTA tax liability by quarter only it line 12 is more than $500. " not, go to Part 6 16 Report the amount of your FUTA tax liability for each quarter; do NOT enter the amount you deposited. If you had no liability 8 for a quarter, leave the line blank. 16a 1st quarter (anuary 1 - March 31) 16b 2nd quarter(April 1 -lune 30) 16c 3rd quarter (July 1 September 30) 16d 1th quarter (October 1 - December 31) 10a 16b 16 160 17 Total tax liability for the year (lines 16a + 16b + 16c + 16d = line 17) 17 Total must equal line 12 The information given below was taken from the payroll records of Clegg Company (Oregon cmployer) for 20 timely. Total remuneration: $155,900 Tncluded 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 3rd quarter 4th quarter Usc the information to complete the partially illustrated Form 940 shown below. Assume that all taxes were deposited $43,700 524,540 514,360 $3,230 If required, round your answers to two decimal places. Part 2: Determine your UIA tax before adjustments. If any linc does NOI apply, leave it blank 3 Total payments to all employees 4 Payments exempt from FUIA tax Select: 5 Total of payments made to each employee in excess of $7,000 6 Subtotal (line 4 + line S - line 6) 7 Total taxable FUTA wages (line 3-line 6-line 7 8 UTA tax before adjustments(line 7 x .006-line 8) Part 5: Report your FUTA tax liability by quarter only it line 12 is more than $500. " not, go to Part 6 16 Report the amount of your FUTA tax liability for each quarter; do NOT enter the amount you deposited. If you had no liability 8 for a quarter, leave the line blank. 16a 1st quarter (anuary 1 - March 31) 16b 2nd quarter(April 1 -lune 30) 16c 3rd quarter (July 1 September 30) 16d 1th quarter (October 1 - December 31) 10a 16b 16 160 17 Total tax liability for the year (lines 16a + 16b + 16c + 16d = line 17) 17 Total must equal line 12
