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Business, 09.10.2019 19:00 20170020

Complete part 2 of form 940 based on the following information: (round your answers to two decimal places, if necessary.) total payroll for the year $913,590 payroll to employees in excess of $7,000 $421,930 employer contributions into employees' 401(k) plans $23,710 part 2: determine your futa tax before adjustments. if any line does not apply, leave it blank. 3 total payments to all employees 3 4 payments exempt from futa tax 4 select: 5 total of payments made to each employee in excess of $7,000 5 6 subtotal (line 4 + line 5 = line 6) 6 7 total taxable futa wages (line 3 – line 6 = line 7) 7 8 futa tax before adjustments (line 7 x .006 = line 8) 8 b. if the employer is located in california, which has a credit reduction of 2.1%, what would be the amount of the credit reduction? $ c. complete part 5 of form 940 for the california employer given the breakdown of futa taxable wages for the year to be: 1st quarter $237,000 2nd quarter $168,000 3rd quarter $54,000 4th quarter $8,950 yearly total $467,950 the employer paid their suta on-time. round your answers to two decimal places, if necessary.

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Complete part 2 of form 940 based on the following information: (round your answers to two decimal...
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