Assume the following data for Quality Care Dry Cleaning for the year ended December 31. 

• Gross earnings $355,600.00 
• All employees’ salaries are greater than $7,000 in the fi rst quarter of employment 
• Number of employees at the beginning of the year: 10 
• One new employee hired during fourth quarter (assume employee earns $7,800 before December 31) 
• FUTA deposits for the year: $420.00 

Instructions 

a. Determine the amounts entered on Form 940 for the following line items. 

Line 3: Total payments to all employees 

Line 4: Payments exempt from FUTA tax 

Line 5: Total of payments made to each employee in excess of $7,000 

Line 7: Total taxable FUTA wages 

Line 8: FUTA tax before adjustments 

Line 13: FUTA tax deposited for the year, including any overpayment applied from a prior year 

Line 14: Balance due 

Line 15: Overpayment 

Line 16a: 1st quarter 

Line 16b: 2nd quarter 

Line 16c: 3rd quarter 

Line 16d: 4th quarter 

Line 17: Total tax liability for the year 

b. Determine the amount entered on Form 940-V.