Business
Business, 18.06.2020 23:57, caggh345

Complete Form 940, Employer's Federal Unemployment (FUTA) Tax Return, for Glo-Brite Company. a. Total wages for the first three quarters was $142,224.57. FUTA taxable wages for the first three quarters was $65,490.00. b. FUTA tax liability by quarter: 1st quarter-$204.53, 2nd quarter-$105.25, 3rd quarter-$83.16. The first FUTA deposit is now due. c. Journalize the entry to record the electronic deposit for the FUTA tax liability.

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Complete Form 940, Employer's Federal Unemployment (FUTA) Tax Return, for Glo-Brite Company. a. Tota...

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