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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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