Question: Complete lines 3 - 8 of 2 0 2 2 Form 9 4 0 for Small Town Bakery, Inc. ( employer identification # 5 5

Complete lines 3-8 of 2022 Form 940 for Small Town Bakery, Inc. (employer identification #55-5555555). Assume that Small Town Bakery, Inc. (located at 9687 Donut Lane, Phoenix, AZ 85202) chooses to complete and mail Form 940 on the due date. Note that Small Town Bakery only pays SUTA tax in Arizona. The form is signed by the CEO of the company, Missy Baker (telephone #202-555-5555). The company elects to delay remitting FUTA tax until it is required to do so. Total employee compensation for the year was $492,887 and flexible spending account contributions totaled $6,750. All earnings subject to FUTA tax are also subject to SUTA tax. Small Town Bakery, Inc. allows its accountant (Muff N. Man, telephone #202-555-5543, Pin #87234) to discuss the form with the IRS. Four employees of Small Town Bakery earned more than $7,000 that were subject to FUTA tax (each exceeded this threshold in the 1st quarter), while a fifth employee hired during the 4th quarter earned only $3,525 that was subject to FUTA tax.
Usethis form as guidance only, and enter your answers as numbered lines (3,4,5, etc.)

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