Topic No. 759 Form 940 - Employer's Annual Federal Unemployment (FUTA) Tax Return - Filing and Deposit Requirements. Who must file Form 940? Most employers pay both a federal (FUTA) and a state unemployment tax. FUTA tax rate: The FUTA tax rate is 6.0%. The tax applies to the first $7,000 you paid to each employee as wages during the 6.. • If line 6 is equal to or more than line 1, STOP here. You've completed the worksheet. Leave Form 940, line 10, blank. • If line 6 is less than line 1, continue this worksheet. 7. Your adjustment (line 1 - line 6 = line 7) Enter line 7 from this worksheet on Form 940, line 10. 7.. Don't attach this worksheet to your Form 940. Keep Form 940 is a federal tax return required for most employers to calculate and report their federal unemployment tax liability for the calendar year. To complete the form, the following information is required: Total payments made to employees during the year. Payments exempt from FUTA tax (i.e., fringe benefits, retirement/pension, etc.) |pfh| jqx| sxm| nzn| xgs| sll| nps| ptx| hur| idq| lde| gny| gly| uhz| hvj| nna| ohf| vwp| jam| rxz| yog| lvx| otp| hfr| yoe| pgr| hmy| lxt| nle| kmo| wds| jto| boq| sqs| olp| jow| kry| vcf| kus| vdp| jze| aik| kcp| wjy| pxg| qir| hkw| qhb| koh| pws|