Question: Complete Form 9 4 0 for Computer Repair ( Employer Identification # 6 6 - 6 6 6 6 6 6 6 ) . Assume

Complete Form 940 for Computer Repair (Employer Identification #66-6666666). Assume that Computer Repair (located at 9687 Turner Lane, Phoenix, AZ 85202) chooses to complete and mail Form 940 on the due date. Note that Computer Repair pays only SUTA tax in Arizona. The form is signed by the CEO of the company. Darren Hensley (telephone #202-555-5555). The company elecis to delay remitting FUTA tax until it is required to do so. Total employee compensation for the year was $524.940, and total charitable contributions totaled $21.250. All earnings subject to FUTA tax are also subject to SUTA tax. Computer Repair allows its accountant (Joshua Martin, telephone #202-555-5543. PIN #87554) to discuss the form with the IRS.Three employees of Computer Repair earned more than $7.000 that was subject to FUTA tax (each exceeded this threshold in the 1st quarter), while a fourth employee hired during the 4th quarter earned only $2.700 that was subject to FUTA tax.Notes: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.

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