Figure $5\mathrm{.}2,$ Figure $5\mathrm{.}3$ and Figure $5\mathrm{.}4$

Since the SUTA rates changes are made at the end of each year, the available $2022$ rates were used for FUTA and SUTA.

Note: The net FUTA tax rate of $0\mathrm{.}6\%$ is used in the text.

Note: The Credit Reduction State status is year specific; thus likely to differ from year to year. Please look for updated details in the textbook before completing Schedule A for Form $940.$

As the accountant for Runson Moving Company, you are preparing the company's annual return, Form $940$ and Schedule A$.$ Use the following information to complete Form $940$ and Schedule A$.$

The net FUTA tax liability for each quarter of $20--$ was as follows: $1$st$,$ $$220\mathrm{.}60$; $2$nd$,$ $$107\mathrm{.}20$; $3$rd$,$ $$101\mathrm{.}70$; and $4$th$,$ $$51\mathrm{.}94$ plus the credit reduction.

Since the net FUTA tax liability did not exceed $$500$ until the $4$th quarter, the company was required to make its first deposit of FUTA taxes on January $31$ of the next year. Assume that the electronic payment was made on time.

a$.$ One of the employees performs all of his duties in another state$$Arizona$.$

b$.$ Total payments made to employees during calendar year $20--$:

Nevada $$101,630$

Arizona $17,040$

Total $$118,670$

c$.$ Employer contributions in California into employees' $401($k$)$ retirement plan: $$3,490($included in the $$118,670).$

d$.$ Payments made to employees in excess of $$7,000$: $$34,940($$$10,040$ from Arizona and $$24,900$ from Nevada$).$

e$.$ Form is to be signed by Mickey Vixon, Vice President, and dated $1/31/--.$

f$.$ Phone number$(219)555-8310.$

If an input box does not require an entry, leave it blank. In each step of the computation, round amount to the nearest cent, then use that value in subsequent computations. Round final answer to the nearest cent.Schedule A $($Form $940)$ for $20--$:

Multi$-$State Employer and Credit Reduction Information

ONB Ns$.1545-0023$

So$$ the instructionsi on p$$e $2.$ File thisi schedule with form $940.$

Place an $"x"$ in the box of Evelir state in which you had to pay state unemployment tax this year. For each state with a credit reduction rate greater than avero, enter the FUTA taxable wages, multiply the FUTA taxable wages by the reduction rate and enter the credit reduction amount. Don't include in the FUTA Taxabie Wages bex wages that were excluded from state unsmpleyment tax $($see the instructions for Step $2).$ If any states don't apply to you, leave them blank.

$\backslash$table$[[\backslash$table$[[$Pastal$],[$Abbreviation$]],\backslash$table$[[$FuTA$],[$Taxable Wages$]],\backslash$table$[[$Reduction$],[$Rate$]],$Crodit Peduction,$\backslash$table$[[$Pastal$],[$Abbreviation$]],\backslash$table$[[$FuTA$],[$Taxable Wages$]],\backslash$table$[[$Reduction$],[$Rate$]],$Credit Auduction$],[\frac{?}{{?}_{\frac{?}{?}}AS},,,,\frac{?}{{?}_{\frac{?}{?}}NC},,,],[AL,,,,NO,,,],[\frac{?}{{?}_{\frac{?}{?}}AR},,,,\frac{?}{{?}_{\frac{?}{?}}NE},,,],[xA2,,,,NH,,,],[\frac{?}{{?}_{\frac{?}{?}}CA},,,,N,,,],[\frac{?}{{?}_{\frac{?}{?}}},,,,NM,,,],[CT,,,,NN,,,],[\frac{?}{{?}_{\frac{?}{?}}DC},,,,NY,,,],[\frac{?}{{?}_{\frac{?}{?}}OE},,,,OH,,,],[\frac{?}{{?}_{\frac{?}{?}}FL},,,,$DOK,,,$],[\frac{?}{{?}_{\frac{?}{?}}GA},,,,\frac{?}{{?}_{\frac{?}{?}}OR},,,],[\frac{?}{{?}_{\frac{?}{?}}HI},,,,A^2,,,],[,,,,CA,,,],[10,,,,$LSC$,,,],[1L,,,,\frac{?}{{?}_{\frac{?}{?}}SD},,,],[,,,,$llcornerTN,,,$],[$LIKS$,,,,rx,,,],[KY,,,,$UT$,,,],[$:$\text{'}LA,,,,$DVA,,,$],[MA,,,,VT,,,],[MD,,,,$ Wa$,,,],[\frac{?}{{?}_{\frac{?}{?}}ME},,,,$D wi$,,,],[MI,,,,W.,,,],[MN,,,,wr,,,],[MO,,,,M.,,,],[MS,,,,v1,,,],[MT,,,,,,,]]$

For Privacy Act and Paperwark Reduction Act Notice, see the Instructions for Form $940.$ Cat. Wa$.16997.$ Schedule A $($Form $940)2022$ Source: listernal fluntica Service