Form 940 Worksheet Summary
The last page of the Form 940 Worksheet displays quarter-to-date and year-to-date summary information.
Quarter-to-Date and Year-to-Date Data
The report displays the following quarter-to-date and year-to-date summary data:
Column | Description | Enter the year-to-date amount on Form 940 |
---|---|---|
Total payments for services of employees | All employee compensation, including 125/Cafeteria amounts. | Part I, Line 1 |
Exempt payments | Calculated before excluding 125/Cafeteria amounts. | Part I, Line 2 |
Payments for services of more than <wage base> | Calculated after excluding 125/Cafeteria amounts. | Part I, Line 3 |
Total exempt wages | Part I, Line 4 | |
Total taxable wages | The net of the total payments less exclusions and the payments for services of more than <wage base>. | Part I, Line 5 |
Gross FUTA tax (@%) | Calculated by applying the tax percentage to the total taxable wages. | Part II, Line 1 |