Quiz 6 Q6

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School

American Military University *

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Course

202

Subject

Industrial Engineering

Date

Jan 9, 2024

Type

pdf

Pages

Uploaded by rentont7

6 10/10 points awarded Ace Computers has 6 employees and operates in Michigan. The Form 940 for the year contains the following information: Pa Determine your FUTA tax before adjustments. If any line does NOT apply, leave it blank. Total payments to all employees 3 242 869.55 Payments exempt from FUTA tax 4 68,529.50 Check all that apply: 4a. Fringe benefits 4c. Retirement/Pension 4e. Other 4b. Group-term life insurance 4d. Dependent care 5 Total of payments made to each employee in excess of $7,000 5 26,529.50 6 Subtotal (line 4 + line 5 = line 6) 6 95,059.00 7 Total taxable FUTA wages (line 3 - line 6 = line 7) (see instructions) 7 What amount should be entered on line 7? $95,059.00 $147,810.55 @ $68,529.50 $26,529.50

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Quiz 6 Q6

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