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.
Answers: 2
Business, 21.06.2019 22:00, savannahvargas512
Sharon had some insider information about a corporate takeover. she unintentionally informed a friend, who immediately bought the stock in the target corporation. the takeover occurred and the friend made a substantial profit from buying and selling the stock. the friend told sharon about his stock dealings, and gave her a pearl necklace because she "made it all possible." the necklace was worth $10,000, but she already owned more jewelry than she desired.
Answers: 2
Business, 22.06.2019 13:40, dathanboyd
Jacob is a member of wcc (an llc taxed as a partnership). jacob was allocated $155,000 of business income from wcc for the year. jacob’s marginal income tax rate is 37 percent. the business allocation is subject to 2.9 percent of self-employment tax and 0.9 percent additional medicare tax. (round your intermediate calculations to the nearest whole dollar a) what is the amount of tax jacob will owe on the income allocation if the income is not qualified business income? b) what is the amount of tax jacob will owe on the income allocation if the income is qualified business income (qbi) and jacob qualifies for the full qbi duduction?
Answers: 2
Complete part 2 of form 940 based on the following information: (round your answers to two decimal...
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