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 940 Pr Form 2015

2015-2025 Form

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Video instructions and help with filling out and completing 940 Pr Form

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Instructions and help about 940 Pr Form

hi welcome to easy payroll guide my name is Karen Hutchinson and in this video we're going to be completing the IRS form 940 this is the federal unemployment tax that is owed at the end of each year it's also known as Fuda which is the federal unemployment tax act we are going to complete the IRS 940 using a fictitious example um this example kind of piggybacks off the example that I did in my earlier video at the beginning of this page as we were calculating the Fooda liability we have three employees in this business and the employees are um all paid wages that are taxable for Fuda employee a is a resident of Maryland and has been paid a total wage of $116,000 employee B is a resident of Maryland as well and has been paid wages of $133,000 an employee C is a resident of Delaware and has been paid total wages of $88,000 this is a total of $37,000 paid in wages now I wanted to give you an example of a multi-state 940 as well um so that's why I have one employee

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