Complete Part 5 of Form 940 given the breakdown of FUTA taxable wages for the year to be:

First quarter…………………………….$237,000

Second quarter…………………………$168,000

Third quarter…………………………….$54,000

Fourth quarter…………………………….$8,950

Yearly Total……………………………$467,950

The employer paid their SUTA on-time. Round your answers to two decimal places, if necessary.

Part 5: Report your FUTA tax liability by quarter only if line 12 is more than $500. If not, go to Part 6.

1. Report the amount of your FUTA tax liability for each quarter; do NOT enter the amount you deposited. If you had no liability for a quarter, leave the line blank.

1a. 1st quarter (January 1 - March 31) .............................................. 1a

1b. 2nd quarter (April 1 - June 30) .................................................... 1b

1c. 3rd quarter (July 1 - September 30) ............................................ 1c

1d. 4th quarter (October 1 - December 31) ....................................... 1d

2. Total tax liability for the year (lines 1a + 1b + 1c + 1d = line17) 17 Total must equal line12.

Answer rating: 100% (QA)

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