Columns for the Form 940 Worksheet
The Form 940 Worksheet contains a standard set of columns. You cannot select columns for this report. The header area of the Form 940 Worksheet displays the W-2 year and quarter for which you generate the report. The body of the worksheet displays gross pay, 125/Cafeteria contributions, and total wages subject to tax for each employee.
Contents
Field | Description |
---|---|
Employee Number/Name | This column displays the identification number and name of the employee who charged labor to the project. |
Social Security Number | This column displays the person's Social Security number. |
Quarter-To-Date and Year-To-Date Reporting Periods
The following columns show amounts and withholdings for both Quarter-To-Date and Year-To-Date periods where applicable.
Field | Description |
---|---|
Gross Pay | This column displays the employee's gross pay for the reporting periods. |
125/Cafeteria | This column displays the 125/Cafeteria contributions withheld for the employee for the reporting periods. |
Add'l Exempt Payments | If you excluded types of withholding or employer contributions from taxable wages using Additional Exempt Payments on the Options tab, these columns display the total excluded amount for the reporting periods. |
Subject to Tax | These columns display the total amount subject to tax for the reporting periods, calculated as follows: Gross pay - 125/Cafeteria contributions. The maximum amount subject to tax is the annual wage base that you specified on the Options tab. |
Parent Topic: Form 940 Worksheet