Form 940 Worksheet Summary

The last page of the Form 940 Worksheet displays quarter-to-date and year-to-date summary information.

Quarter-to-Date and Year-to-Date Data

The report displays the following quarter-to-date and year-to-date summary data:

Column	Description	Enter the year-to-date amount on Form 940
Total payments for services of employees	All employee compensation, including 125/Cafeteria amounts.	Part I, Line 1
Exempt payments	Calculated before excluding 125/Cafeteria amounts.	Part I, Line 2
Payments for services of more than <wage base>	Calculated after excluding 125/Cafeteria amounts.	Part I, Line 3
Total exempt wages		Part I, Line 4
Total taxable wages	The net of the total payments less exclusions and the payments for services of more than <wage base>.	Part I, Line 5
Gross FUTA tax (@%)	Calculated by applying the tax percentage to the total taxable wages.	Part II, Line 1