Question: Using the information from Problem 8B-4, please complete a Form 940 for Browns Sporting Goods for the current year. Additional information needed to complete the
In Problem 8B-4,
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a. SUTA rate: 5.7%
b. State reporting number: 025-319-2
c. No FUTA tax deposits were made for this year.
d. Browns three employees for the year all earned over$7,000.
OCTOBER FICA Employee David Clark Jack Johnson Hector Walker Monthly Earnings YTD Earnings OASDI Medicare Federal Income Tax S 3,020 3,560 3,800 $10,380 101,800 $187.24 43.79 220.72 51.62 235.60 55.10 $185,100 $643.56 $150.51 $532.00 431.00 531.00 51,494.00 39,400 43,900 NOVEMBER FICA Employee David Clark Jack Johnson Hector Walker Monthly Earnings YTD Earnings OASDI Medicare Federal Income Tax S 2,950 3,780 3,880 10,610 $104,750 $182.90 42.78 234.36 54.81 240.56 56.26 $195,710 $657.82 $153.85 $596.00 470.00 556.00 $1,622.00 43,180 47,780 DECEMBER FICA Employee David Clark Jack Johnson Hector Walker Monthly Earnings YTD Earnings OASDI Medicare Federal Income Tax S 4,160 3,740 4,460 $12,360 $108,910 127.10 60.32 54.23 64.67 $208,070 635.50 $179.22 $ 870.00 843.00 702.00 $2,055.00 46,920 52,240 231.88 276.52
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Name not your trade name Browns Sporting Goods 16 17 Check one Part 2 Tell us about your deposit schedule and tax liability for this quarter If you are unsure about whether you are a monthly schedule ... View full answer
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