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The taxable FUTA wages and determining FUTA taxes due. Presented below is the GROSS Pay of each employee at First Choice. EE Q1 Q2 Q3

The taxable FUTA wages and determining FUTA taxes due.

Presented below is the GROSS Pay of each employee at First Choice.

EE Q1 Q2 Q3 Q4 Total
1 3500 3500 3200 3200 14000
2 8900 8400 8800 8300 34400
3 2100 2400 2400 2500 9400
4 1800 2600 2600 2600 9600
5 7400 7400 0 0 14800
6 0 1700 2700 2700 7100
7 3100 3200 3100 0 9400
8 0 0 5400 5400 10800
Total 2680 29200 28200 24700

Employers are taxed on the first $7,000 on gross wages (not federal) for each employee. Gross wages are taxed at 0.6% (.006 as a decimal).

Indiana SUTA tax rate: Employers are taxed on the first $9,500 on gross wages (not federal) for each employee.

Determine each employee FUTA taxable wages.

EE Q1 amount that is taxable Q2 amount that is taxable Q3 amount that is taxable Q4 amount that is taxable Total
1 3500 3500 3500 3500 3200 0 3200 0 7000
2 8900 7000 8400 0 8800 0 8300 0 7000
3 2100 2100 2400 2400 2400 2400 2500 100 7000
4 1800 1800 2600 2600 2600 2600 2600 0 7000
5 7400 7000 7400 0 0 0 0 0 7000
6 0 0 1700 1700 2700 2700 2700 2600 7000
7 3100 3100 3200 3200 3100 700 0 0 7000
8 0 0 0 0 5400 5400 5400 1600 7000
Total 26800 24500 29200 13400 28200 13800 24700 4300

  1. What is employee #1 taxable FUTA wages for quarter 3? $0
  2. What is employee #1 taxable FUTA wages for quarter 4? $0
  3. What is employee #5 taxable FUTA wages for quarter 1? $7000
  4. What is employee #5 taxable FUTA wages for quarter 2? $0
  5. What is line 3 of Form 940?
  6. What is line 5 of Form 940?
  7. What is line 8 of Form 940?
  8. For year 2020, what is line 11 of Form 940?
  9. What is line 16a of Form 940?
  10. What is line 16d of Form 940?

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