Instructions For Form 940 - Employer'S Annual Federal Unemployment (Futa) Tax Return - 2009 Page 9

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12. Total FUTA tax after adjustments
Example for using the worksheet:
Add the amounts shown on lines 8, 9, 10, and 11, and enter the
result on line 12.
Employee A and Employee B are corporate officers whose wages are
excluded from state unemployment tax in your state. Employee C’s wages
are not excluded from state unemployment tax. During 2009, you paid
line 8
$44,000 to Employee A, $22,000 to Employee B, and $16,000 to Employee
line 9
C. Your state’s wage base is $8,000. You paid some state unemployment
line 10
tax on time, some late, and some remains unpaid.
+line 11
line 12
Here are the records:
Total taxable FUTA wages (line 7 of Form 940) . . . . . . . . .
$21,000.00
If line 9 is greater than zero, lines 10 and 11 must be
Taxable state unemployment wages . . . . . . . . . . . . . . . .
$ 8,000.00
!
zero because they would not apply.
Experience rate for 2009 . . . . . . . . . . . . . . . . . . . . . . .
.041(4.1%)
CAUTION
State unemployment tax paid on time . . . . . . . . . . . . . . .
$100.00
State unemployment tax paid late . . . . . . . . . . . . . . . . . .
$78.00
State unemployment tax not paid . . . . . . . . . . . . . . . . . .
$150.00
13. FUTA tax deposited for the year
Enter the amount of total FUTA tax that you deposited for the
1. Maximum allowable credit
year, including any overpayment that you applied from a prior
year.
$21,000.00 (line 7 of Form 940)
x .054 (maximum credit rate)
$1,134.00
1.
$1,134.00
14. Balance due
If line 13 is less than line 12, enter the difference on line 14.
2. Credit for timely state unemployment tax payments
2.
$100.00
line 12
3. Additional credit
3.
$104.00
– line 13
line 14
.054 (maximum credit rate)
$8,000
– .041 (your experience rate)
x .013
.013 (your computation rate)
$104.00
If line 14 is:
More than $500, you must deposit your tax. See When Must
4. Subtotal (line 2 + line 3)
4.
$204.00
You Deposit Your FUTA Tax? on page 3.
$100
$500 or less, you can deposit your tax, pay your tax with a
+ 104
major credit card, or pay your tax by check or money order with
$204
your return.
5. Credit for paying state unemployment taxes late
Less than $1, you do not have to pay it.
5a.
Remaining allowable credit: (line 1 - line 4)
5a.
$930.00
If you do not deposit as required and pay any balance
$1,134.00
!
due with Form 940, you may be subject to a penalty.
– 204.00
CAUTION
$930.00
5b.
State unemployment tax paid late:
5b.
$78.00
How to deposit or pay the balance due. You may pay the
amount shown on line 14 using EFTPS, a credit card, or
5c.
Which is smaller? Line 5a or line 5b?
5c.
$78.00
electronic funds withdrawal (EFW). Do not use a credit card or
5d.
Allowable credit (for paying late)
5d.
$70.20
EFW to pay taxes that were required to be deposited. For more
information on paying your taxes with a credit card or EFW, visit
$78.00
the IRS website at and click on the electronic irs
x .90
link.
$70.20
6. Your FUTA credit (line 4 + line 5d)
6.
$274.20
If you pay by EFTPS, credit card, or EFW, file your return
using the “Without a payment” address on page 2 under Where
$204.00
Do You File? and do not file Form 940-V.
+ 70.20
$274.20
15. Overpayment
7. Your adjustment (line 1 - line 6)
7.
$859.80
If line 13 is more than line 12, enter the difference on
$1,134.00
line 15.
– 274.20
$859.80 You would enter this amount on line 10 of Form
line 13
940.
– line 12
line 15
11. If credit reduction applies . . .
If you deposited more than the FUTA tax due for the year,
If you paid wages in the state of Michigan, enter the amount
you may choose to have us either:
from line 3 of Schedule A (Form 940) on line 11 of Form 940.
Apply the refund to your next return, or
However, if you entered an amount on line 9 because all the
Send you a refund.
FUTA wages you paid were excluded from state unemployment
tax, skip line 11 and go to line 12.
Check the appropriate box in line 15 to tell us which option
you select. If you do not check either box, we will automatically
refund your overpayment. Also, we may apply your
overpayment to any past due tax account you have.
Part 4: Determine Your FUTA Tax
for 2009
If line 15 is less than $1, we will send you a refund or apply it
to your next return only if you ask for it in writing.
If any line in Part 4 does not apply, leave it blank.
-9-

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