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 Instruction 940 Form 2016

2016-2025 Form

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Instructions and help about Instruction 940 Form

hello in this lecture we will Define form 940 ing to fundamental accounting principles while 22nd Edition the definition of form 940 is IRS form used to report an employer federal unemployment tax futa on an annual filing basis when we're thinking about the form 940 we're talking about a payroll tax when we think about the payroll tax we're usually thinking about the FICA attx Social Security and Medicare this is going to be the Federal unemploy employment tax and it's only going to be an employer tax meaning it's not being taken out of the employee wages it will be based however on the employee wages but it's paid by the employer only the form is going to be done annually rather than quarterly so the 941s reporting the Medicare and the Social Security and the federal unemployment will be on the quarterly 941s this will be at the end of the year the 940 it's usually a lot less because the unemployment tax the federal unemployment

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