Question

Which of the following organizations are required to file Form 940?

A. Employers with wages less than $1,500.00 in all quarters of 2015 and 2016
B. Employers with a single employee in fewer than 20 weeks during 2015 or 2016
C. Religious, educational, or charitable organizations
D. Employers with wages greater than $1,500.00 in any quarter of 2015 or 2016

Answer 1

Employers are required to file Form 940 if they had wages greater than $1,500 in any quarter of 2015 or 2016 or had one or more employees for at least part of a day in 20 or more different weeks.

Step-by-step explanation:

The organization required to file Form 940 is D. Employers with wages greater than $1,500.00 in any quarter of 2015 or 2016. Form 940 is the Employer's Annual Federal Unemployment (FUTA) Tax Return, which employers must file to report the total amount of wages they have paid to their employees during the year. It is used to calculate the amount of unemployment tax the employer must pay to the federal government, to provide funds for paying unemployment compensation to workers who have lost their jobs.

Most employers pay both a federal and a state unemployment tax. A different form, known as Form 940, is used for the federal tax. In general, employers who have paid wages of $1,500 or more in any quarter, or who had one or more employees for at least part of a day in any 20 or more different weeks in the current or preceding calendar year, are required to file Form 940.