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Printable Form 940 (Schedule A) Shreveport Louisiana: What You Should Know
How to use Form 940? This form can be used by any employer for employee credits for the period prior to Nov 10, 2021. The following table provides several examples with a discussion in what areas are to be claimed: The payment amount may be reduced (in some cases completely) by withholding state unemployment tax. The amount can be claimed on line 28 in column #3 or at tax time. The credit is limited to the first 9,325 of pay for wages up to 9,326 as of the 10th calendar month after the close of the calendar year. It is important to identify all wages subject to the tax. You should also list all amounts withheld so the employer's withholding is consistent. Note that state taxes, federal income taxes and Social Security taxes must be claimed separately at tax time, and the state unemployment tax credit is not available for those taxes. Example of claiming credit on pay subject to federal and state taxes 9,325.00 Payroll Deductions Line 28, Column 3 – 12.50 Payroll Federal Insurance Contributions Line 27, Column 4 – 7.50 Federal Insurance Contributions and Unemployment Insurance Line 22, column 1 – 21.75 Unemployment Insurance and Federal Insurance line 11, column 3 -17.40 Line 22, Column 1 – 21.00 Federal Insurance (ETC) line 5, Column 1 – 7.00 Amounts to be claimed on line 28, column 3: 15.75 Unemployment Insurance (IU) line 6, Column 1 – 6.75 Federal Income Tax return — 21.00 Federal Insurance Contributions and Unemployment Insurance line 11, Column 3 – 17.00 Line 22, Column 1 – 26.75 State Unemployment Tax Line 17, Column 1 – 10.50 Federal Insurance contributions and Employee Payroll contributions line 33, Column 1 -27.50 Line 10, Column 2 -11.00 Line 33 – 10.25 Social Security line 9 – 3.74 For more information, click here: Income Tax with Form 940 and click here: State Unemployment Tax Credit with Form 940. Example of claiming credit on pay subject to federal and state taxes (with withholding) 9,325.00 Payroll Deductions 12.50 Employer Payroll Federal Insurance Contributions 7.50 Federal Insurance Contributions and Unemployment Insurance 21.75 Unemployment Insurance and Federal Insurance 10.
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