Question: CPP 6-1 Complete 4th Quarter and Year-End Payroll Reporting (#3) Complete Form 940 for TCLH Industries (Employer Identification #44-4444444), which is located at 202 Whitmore

CPP 6-1 Complete 4th Quarter and Year-End Payroll Reporting (#3)

Complete Form 940 for TCLH Industries (Employer Identification #44-4444444), which is located at 202 Whitmore Avenue, Durham, NC 27701. Assume that the company does not remit FUTA tax until the latest date on which it is permitted to do so. The life insurance for which employee withholdings were made is not group-term life insurance. Flexible spending accounts are reported on Form 940 as a Fringe Benefit, and all earnings subject to FUTA tax are also subject to SUTA tax. The company does not have a third-party designee, nor does it use a paid preparer. All forms are signed by the CEO of the company, Michael Sierra (telephone: #919-555-7485).

Notes:

For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation.
Remember, the Additional Withholding amount for Michael Sierra is comprised of flexible spending account contributions. Consider whether these are taxable when completing the necessary forms and calculations.

Question: CPP 6-1 Complete 4th Quarter and Year-End Payroll Reporting (#3) Complete Form 940 for TCLH Industries (Employer Identification #44-4444444), which is located at 202 Whitmore

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