Mocha Company has four employees, and each employee earned $50,000 for the calendar year. Using a blank

Question:

Mocha Company has four employees, and each employee earned $50,000 for the calendar year. Using a blank Form 940, complete Part 2, lines 3-8, to answer the following questions:
Total annual payroll for the year ........................................?
Payments made in excess of $7,000 FUTA limit .....................?
Total FUTA liability before any adjustments ..........................?