Line 4 of the Form 940 is where items that are not included as FUTA wages are adjusted out. Which of the following is not an item that is backed out on line 4? a. Contributions paid by employer for health/accident plans for employees. b. Value of a group-term life insurance with a face value of $45,000. c. Wages over $7,000 per employee per year. d. Nondiscretionary bonuses.
Line 4 of the Form 940 is where items that are not included as FUTA wages are adjusted out. Which of the following is not an item that is backed out on line 4? a. Contributions paid by employer for health/accident plans for employees. b. Value of a group-term life insurance with a face value of $45,000. c. Wages over $7,000 per employee per year. d. Nondiscretionary bonuses.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Line 4 of the Form 940 is where items that are not included as FUTA wages are adjusted out. Which of the following is not an item that is backed out on line 4?
a. Contributions paid by employer for health/accident plans for employees.
b. Value of a group-term life insurance with a face value of $45,000.
c. Wages over $7,000 per employee per year.
d. Nondiscretionary bonuses.
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