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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

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 employers contributions to the employees 401(k) plans.

Remuneration in excess of $7,000: $66,670

Taxable remuneration by quarters:
1st quarter $43,700
2nd quarter $24,940
3rd quarter $14,360

4th quarter

complete the 940 form

$3,230

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