Note: For this textbook edition the rate 0.6% was used for the FUTA tax rate for
ID: 2463425 • Letter: N
Question
Note: For this textbook edition the rate 0.6% was used for the FUTA tax rate for employers.
The information listed below refers to the employees of Lemonica Company for the year ended December 31, 2016. The wages are separated into the quarters in which they were paid to the individual employees.
For 2016, State D's contribution rate for Lemonica Company, based on the experience-rating system of the state, was 2.8% of the first $7,000 of each employee's earnings. The state tax returns are due one month after the end of each calendar quarter. During 2016, the company paid $2,214.80 of contributions to State D's unemployment fund. The president of the company prepares and signs all tax forms. The company uses Magnetic Media UC-2A when completing the form.
Employer's phone number: (613) 555-0029. Employer's State D reporting number: 00596.
Using the forms below, complete the following for 2016. When required, round amounts to the nearest cent. Use the rounded answers for subsequent computations, if required.
a. What is the date and amount of the FUTA tax payment for the fourth quarter of 2016? State D is not a credit reduction state. Enter date in mm/dd/yyyy format.
Tax Payment:
Amount
$
Explanation / Answer
Due Date: 01/31/2017
Name
Social Security #
1st Qtr.
FUTA at 0.6%
2nd Qtr.
FUTA at 0.6%
3rd Qtr.
FUTA at 0.6%
4th Qtr.
FUTA at 0.6%
Total
FUTA at 0.6%
Robert G. Cramer
000-00-0001
5,800
35
5,000
30
5,000
30
5,200
31
21,000
126
Daniel M. English (Foreman)
000-00-0003
13,000
78
13,400
80
13,400
80
13,400
80
53,200
319
Ruth A. Small
000-00-1998
2,000
12
2,300
14
2,300
14
2,400
14
9,000
54
Harry B. Klaus
000-00-7413
11,600
70
11,700
70
11,700
70
11,700
70
46,700
280
Kenneth N. George (Manager)
000-00-6523
13,600
82
14,000
84
14,500
87
15,000
90
57,100
343
Mavis R. Jones
000-00-6789
1,600
10
1,700
10
1,700
10
-
-
5,000
Marshall T. McCoy
000-00-3334
11,400
68
11,400
68
-
-
-
-
22,800
137
Bertram A. Gompers (President)
000-00-1014
24,500
147
25,000
150
25,500
153
26,300
158
101,300
608
Arthur S. Rooks
000-00-7277
-
-
700
1,700
10
1,700
10
4,100
Mary R. Bastian
000-00-8111
8,000
48
8,200
49
8,200
49
8,200
49
32,600
196
Klaus C. Werner
000-00-2623
2,300
14
2,500
15
2,500
15
2,500
15
9,800
59
Kathy T. Tyler
000-00-3534
-
-
-
-
11,300
68
11,700
70
23,000
138
Totals
93,800
563
95,900
571
97,800
587
98,100
589
385,600
2,259
Name
Social Security #
1st Qtr.
FUTA at 0.6%
2nd Qtr.
FUTA at 0.6%
3rd Qtr.
FUTA at 0.6%
4th Qtr.
FUTA at 0.6%
Total
FUTA at 0.6%
Robert G. Cramer
000-00-0001
5,800
35
5,000
30
5,000
30
5,200
31
21,000
126
Daniel M. English (Foreman)
000-00-0003
13,000
78
13,400
80
13,400
80
13,400
80
53,200
319
Ruth A. Small
000-00-1998
2,000
12
2,300
14
2,300
14
2,400
14
9,000
54
Harry B. Klaus
000-00-7413
11,600
70
11,700
70
11,700
70
11,700
70
46,700
280
Kenneth N. George (Manager)
000-00-6523
13,600
82
14,000
84
14,500
87
15,000
90
57,100
343
Mavis R. Jones
000-00-6789
1,600
10
1,700
10
1,700
10
-
-
5,000
Marshall T. McCoy
000-00-3334
11,400
68
11,400
68
-
-
-
-
22,800
137
Bertram A. Gompers (President)
000-00-1014
24,500
147
25,000
150
25,500
153
26,300
158
101,300
608
Arthur S. Rooks
000-00-7277
-
-
700
1,700
10
1,700
10
4,100
Mary R. Bastian
000-00-8111
8,000
48
8,200
49
8,200
49
8,200
49
32,600
196
Klaus C. Werner
000-00-2623
2,300
14
2,500
15
2,500
15
2,500
15
9,800
59
Kathy T. Tyler
000-00-3534
-
-
-
-
11,300
68
11,700
70
23,000
138
Totals
93,800
563
95,900
571
97,800
587
98,100
589
385,600
2,259
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