pSb 6-5 Complete Form 940 Complete Form 940 for KYG Corp. (Employer Identification \#55-5555555). Assume that KYG Corp. Cocased at 81529 Duke Lane, Dayton, OH 45377 choosen to complete and mall Form 940 on the due date. Note that KYG Corp. pays only SUTA tax in Ohio. The form is aigned by the president of the company, Marcelo Coletnan (celephone "1937-555-8825). The company elects to delay remitting. FUTA tax until it in required to do so. Fotal employee compensation for the year was \$751,000, and total group-term life insurance contributions totaled \$24,200. All earnings subject to FUTA tax are also subject to SUTA tax. KYG Corp, allows its accountant (Steve Kimmel, telephone #937555.0040, PIN \#76134) to discuss the form with the IRS. Note that nine employees of KYG Corp. earned more than $7,000 that was subject to FUTA tax (each exceeded this threshold in the 1 st artex), while a 10 th employee hired during the 4 th quarter earned only $5,700 that was subject to FUTA tax