How often are Form 940 taxable wages reported?

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Multiple Choice

How often are Form 940 taxable wages reported?

Explanation:
FUTA wages are reported on Form 940 on an annual basis. Form 940 is the annual return used to report taxable FUTA wages for all employees in a year and to determine the FUTA tax due. The other frequencies (quarterly, semi-annually, monthly) refer to when you deposit the tax, not to how often you report the wage data. Wages subject to FUTA are accumulated for the year and then filed once per year on Form 940. For example, wages paid in a calendar year are reported on the Form 940 filed in the following year.

FUTA wages are reported on Form 940 on an annual basis. Form 940 is the annual return used to report taxable FUTA wages for all employees in a year and to determine the FUTA tax due. The other frequencies (quarterly, semi-annually, monthly) refer to when you deposit the tax, not to how often you report the wage data. Wages subject to FUTA are accumulated for the year and then filed once per year on Form 940. For example, wages paid in a calendar year are reported on the Form 940 filed in the following year.

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