Lauprechta Inc. Company has the following employees on payroll: Semimonthly withholding Marital Payroll 5,800 5,000 3,200...

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Lauprechta Inc. Company has the following employees on payroll: Semimonthly withholding Marital Payroll 5,800 5,000 3,200 3, 600 Allowances Status Naila wilfred $ 4. Married 3. вугon Annie Married single Single Prepare Form 940 for 2018. No FUTA deposits were made during the year. Lauprechta Inc.'s Employer Identification Number (EIN) is 36-1238975, and its address is 1825 Elkhart Way, Columbus, GA 31904. Assume that Lauprechta Inc. has timely paid all amounts due to the state unemployment fund (assume a total amount of $3,471) and that the payroll was consistent throughout the entire year. (Instructions can be found on certain cells within the forms.) Prepare Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return. 940 PG 1 940 PG 2 Page 1 of Form 940 Form 940 for 2018: Employer's Annual Federal Unemployment (FUTA) Tax Return Department of the Treasury-Internal Revenue Service 36-1238975 850113 OMB No. 154S-0028 Employer ID number (EIN - enter as X- Type of Return (Check all that apply.) Name (not your trade name) Lauprechta Inc. Amended Trade name (if any) Successer employer Address 1825 Ekhart Way C. Number Street No paymenta to employees in 2018 Suite or roon number Columbus GA O d. 31904 Final Business closed or stopped paying City State (NN) ZIP code wages Instructions and prior-year formn are available at www.in goviform540 Foreign country name Province/county Postal code Check my work Foreign country name Provincelcounty Pestal code Read the separate instructons belore you complete this form. Please type or print within the boens Part 1: Tell us about your return. IH any line does NOT apply, leave it blank. ta If you had to pay state unemployment tx in one state only, enter the state abbreviation (n Capital Letters) ta 1b t you had to pay state unemployment tax in more than one state, you are a mult atate employer, check here Complete Sched tb 2 f you paid wages inastate that is suhject to CREDIT REDUCTION, check here Conplete Schod. Part 2: Determine your FUTA tax before adjustments. If any line does NOT apply, leave it blank. 3 Total payments to all employees 4 Payments exempt trom FUTA tax Check al that apply 4a. Fringe benefts 46. Group term te insurance 4c. Retirement/Pennion 4e Other 4d. Deperdent care 6 Total of payments made to each employee in excess of $7,000 6 Subtotal 7 Total taxable FUTA weges FUTA tax beforn adjustments (Ine ine 5 ine 6) 00 0.00 Oine 3- ine dine 7x 006Ine 8) ne 7) (sne instructons) Determine your adjustments. If any line does NOT apply, leave it blank. TALL of the taxable FUTA wages you paid were excluded from state unemployment tax, multiply Nne 7 by .054 Part 3: ne 7x.054 - ne 9) Go to lne 12 10 SOME of the taxaable FUTA wages you paid were excluded from state unempoyment tax, OR you paid ANY state unemploy- (ater the due date for ing Form 940), complete the worksheet in the instructions Enter the amount trom Ine 7 ef ment tax late the worksheet 11 t credit reduction applies, enter the total from Schedule A (Form 940) Part 4: Determine your FUTA tax and balance due or overpayment. If any line does NOT apply, leave it blank. 12 Total FUTA tax after adjuatments (ines 8+9- 10 - 11- Ine 12) 12 0.00 13 FUTA tax deposited for the year, including any overpayment applied from a prior year Of ine 12 is more than lne 13, enter the excess on ine 14) 13 14 Balance due if ine 14 is more than $500, you must deposit your tax If tine 14 is $500 or less, you may pay with this retum. (see instruciora) 0.00 0.00 14 15 Overpayment of ine 13 is more than line 12, enter the excess on ine 15 and check a box below) 15 You MUST complete both pages of this form and SIGN it Check one: Apply to ned return Send a retund. Next For Privacy Act and Paperwork Reduction Act Notice, see the back of Form 940-V. Payment Voucher. Cat No 112340 Form 940 (2018) THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORMIT SELF. DO NOT USE THIS FORM 940 PG 1 940 PG 2 Page 2 of Form 940 Name (not your trade name) Employer ID number (EIN enter as xx-KXXX) Lauprechta Inc. 36-1238975 Part 5: Report your FUTA tax liability by quarter only if line 12 is more than $500. If not, go to Part 6. 16 Report the amount of your FUTA tax lability for each quarter; do NOT enter the amount you deposited. H you had no liablity for a quarter, enter "0. 16a 1st quarter (January 1-March 31) 16a 0.00 16b 2nd quarter (April 1-June 30) 166 16c 3rd quarter (July 1- September 30) 16c 16d 4th quarter (October 1- December 31) 16d 17 Total tax liability for the year (lines 16a + 16b + 16c + 16d = line 17) 17 0.00 Part 6: May we speak with your third-party designee? Do you want to allow an employee, a paid tax preparer, or another person to discuss this return with the IRS? See the instructions for details. Designee's name and phone number Select a 5-digit Personal Identification Number (PIN) to use when talking to IRS Part 7: Sign here. You MUST complete both pages of this form and SIGN it. Under penaties of perjury, I declare that I have examined this return, incliduing accompanying schedules and statements and to the best of my knowledge and belief it is true, comectL and complete, and that no part of any payment made to a state unemployment fünd claimed as a credit was or is to be deducted from the payments made to employees. Declaration of preparer (other than taxpayer) is based on all information of which preparer has my knowledge Prist your namn here Sign your name here Print your tite here Best davtime ohone OXx Date (mm/dd/vvvv Lauprechta Inc. Company has the following employees on payroll: Semimonthly withholding Marital Payroll 5,800 5,000 3,200 3, 600 Allowances Status Naila wilfred $ 4. Married 3. вугon Annie Married single Single Prepare Form 940 for 2018. No FUTA deposits were made during the year. Lauprechta Inc.'s Employer Identification Number (EIN) is 36-1238975, and its address is 1825 Elkhart Way, Columbus, GA 31904. Assume that Lauprechta Inc. has timely paid all amounts due to the state unemployment fund (assume a total amount of $3,471) and that the payroll was consistent throughout the entire year. (Instructions can be found on certain cells within the forms.) Prepare Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return. 940 PG 1 940 PG 2 Page 1 of Form 940 Form 940 for 2018: Employer's Annual Federal Unemployment (FUTA) Tax Return Department of the Treasury-Internal Revenue Service 36-1238975 850113 OMB No. 154S-0028 Employer ID number (EIN - enter as X- Type of Return (Check all that apply.) Name (not your trade name) Lauprechta Inc. Amended Trade name (if any) Successer employer Address 1825 Ekhart Way C. Number Street No paymenta to employees in 2018 Suite or roon number Columbus GA O d. 31904 Final Business closed or stopped paying City State (NN) ZIP code wages Instructions and prior-year formn are available at www.in goviform540 Foreign country name Province/county Postal code Check my work Foreign country name Provincelcounty Pestal code Read the separate instructons belore you complete this form. Please type or print within the boens Part 1: Tell us about your return. IH any line does NOT apply, leave it blank. ta If you had to pay state unemployment tx in one state only, enter the state abbreviation (n Capital Letters) ta 1b t you had to pay state unemployment tax in more than one state, you are a mult atate employer, check here Complete Sched tb 2 f you paid wages inastate that is suhject to CREDIT REDUCTION, check here Conplete Schod. Part 2: Determine your FUTA tax before adjustments. If any line does NOT apply, leave it blank. 3 Total payments to all employees 4 Payments exempt trom FUTA tax Check al that apply 4a. Fringe benefts 46. Group term te insurance 4c. Retirement/Pennion 4e Other 4d. Deperdent care 6 Total of payments made to each employee in excess of $7,000 6 Subtotal 7 Total taxable FUTA weges FUTA tax beforn adjustments (Ine ine 5 ine 6) 00 0.00 Oine 3- ine dine 7x 006Ine 8) ne 7) (sne instructons) Determine your adjustments. If any line does NOT apply, leave it blank. TALL of the taxable FUTA wages you paid were excluded from state unemployment tax, multiply Nne 7 by .054 Part 3: ne 7x.054 - ne 9) Go to lne 12 10 SOME of the taxaable FUTA wages you paid were excluded from state unempoyment tax, OR you paid ANY state unemploy- (ater the due date for ing Form 940), complete the worksheet in the instructions Enter the amount trom Ine 7 ef ment tax late the worksheet 11 t credit reduction applies, enter the total from Schedule A (Form 940) Part 4: Determine your FUTA tax and balance due or overpayment. If any line does NOT apply, leave it blank. 12 Total FUTA tax after adjuatments (ines 8+9- 10 - 11- Ine 12) 12 0.00 13 FUTA tax deposited for the year, including any overpayment applied from a prior year Of ine 12 is more than lne 13, enter the excess on ine 14) 13 14 Balance due if ine 14 is more than $500, you must deposit your tax If tine 14 is $500 or less, you may pay with this retum. (see instruciora) 0.00 0.00 14 15 Overpayment of ine 13 is more than line 12, enter the excess on ine 15 and check a box below) 15 You MUST complete both pages of this form and SIGN it Check one: Apply to ned return Send a retund. Next For Privacy Act and Paperwork Reduction Act Notice, see the back of Form 940-V. Payment Voucher. Cat No 112340 Form 940 (2018) THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORMIT SELF. DO NOT USE THIS FORM 940 PG 1 940 PG 2 Page 2 of Form 940 Name (not your trade name) Employer ID number (EIN enter as xx-KXXX) Lauprechta Inc. 36-1238975 Part 5: Report your FUTA tax liability by quarter only if line 12 is more than $500. If not, go to Part 6. 16 Report the amount of your FUTA tax lability for each quarter; do NOT enter the amount you deposited. H you had no liablity for a quarter, enter "0. 16a 1st quarter (January 1-March 31) 16a 0.00 16b 2nd quarter (April 1-June 30) 166 16c 3rd quarter (July 1- September 30) 16c 16d 4th quarter (October 1- December 31) 16d 17 Total tax liability for the year (lines 16a + 16b + 16c + 16d = line 17) 17 0.00 Part 6: May we speak with your third-party designee? Do you want to allow an employee, a paid tax preparer, or another person to discuss this return with the IRS? See the instructions for details. Designee's name and phone number Select a 5-digit Personal Identification Number (PIN) to use when talking to IRS Part 7: Sign here. You MUST complete both pages of this form and SIGN it. Under penaties of perjury, I declare that I have examined this return, incliduing accompanying schedules and statements and to the best of my knowledge and belief it is true, comectL and complete, and that no part of any payment made to a state unemployment fünd claimed as a credit was or is to be deducted from the payments made to employees. Declaration of preparer (other than taxpayer) is based on all information of which preparer has my knowledge Prist your namn here Sign your name here Print your tite here Best davtime ohone OXx Date (mm/dd/vvvv

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Feedback Naila Federal Withholding 580000 70000 510000 378100 131900 x 22 29018 ... View the full answer