1.Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages.
Faruga Company had FUTA taxable payrolls for the four quarters of $38,400; $29,600; $16,500; and $8,900, respectively. What was the amount of Faruga’s first required deposit of FUTA taxes?

2.Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages.
Hunter Company had a FUTA taxable payroll of $192,700 for the year. Since the company is located in a state that has 1.5% FUTA credit reduction due to unpaid loans, determine Hunter's FUTA tax liability for the year.

3.Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages.

Ted Carman worked for Rivertide Country Club and earned $28,500 during the year. He also worked part time for Harrison Furniture Company and earned $12,400 during the year. The SUTA tax rate for Rivertide Country Club is 4.2% on the first $8,000, and the rate for Harrison Furniture Company is 5.1% on the first $8,000. Calculate the FUTA and SUTA taxes paid by the employers on Carman's earnings.

4.a. Complete Part 2 of Form 940 based on the following information: (Round your answers to two decimal places, if necessary.)

Total payroll for the year $913,590
Payroll to employees in excess of $7,000 $421,930
Employer contributions into employees' 401(k) plans $23,710

Part 2: Determine your FUTA tax before adjustments. If any line does NOT apply, leave it blank.
3 Total payments to all employees 3
913,950
4 Payments exempt from FUTA tax 4
Fringe benefits, group-term life insurance, retirement/pension, dependent care, or other
5 Total of payments made to each employee in excess of $7,000 5
6 Subtotal (line 4 + line 5 = line 6) 6
7 Total taxable FUTA wages (line 3 – line 6 = line 7) 7
8 FUTA tax before adjustments (line 7 x .006 = line 8) 8
b. If the employer is located in California, which has a credit reduction of 2.1%, what would be the amount of the credit reduction?
c. Complete Part 5 of Form 940 for the California employer given the breakdown of FUTA taxable wages for the year to be:
1st quarter $237,000
2nd quarter $168,000
3rd quarter $54,000
4th quarter $8,950
Yearly Total $467,950
The employer paid their SUTA on-time. Round your answers to two decimal places, if necessary.
Part 5: Report your FUTA tax liability by quarter only if line 12 is more than $500. If not, go to Part 6.
16 Report the amount of your FUTA tax liability for each quarter; do NOT enter the amount you deposited. If you had no liability for a quarter, leave the line blank.
16a 1st quarter (January 1 – March 31) 16a
16b 2nd quarter (April 1 – June 30) 16b
16c 3rd quarter (July 1 – September 30) 16c
16d 4th quarter (October 1 – December 31) 16d
17 Total tax liability for the year (lines 16a + 16b + 16c + 16d = line 17) 17
Total must equal line 12.