Line 4 of the Form 940 is where items that are not included as FUTA wages are adjusted out. Which of the following is not an item that is backed out on line 4? a.  Contributions paid by employer for health/accident plans for employees. b.  Value of a group-term life insurance with a face value of $45,000. c.  Wages over $7,000 per employee per year. d.  Nondiscretionary bonuses.

Principles of Accounting Volume 1
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Chapter12: Current Liabilities
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Problem 15EA: In EA14, you prepared the journal entries for the employee of Toren Inc. You have now been given the...
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Line 4 of the Form 940 is where items that are not included as FUTA wages are adjusted out. Which of the following is not an item that is backed out on line 4?
a.  Contributions paid by employer for health/accident plans for employees.
b.  Value of a group-term life insurance with a face value of $45,000.
c.  Wages over $7,000 per employee per year.
d.  Nondiscretionary bonuses.
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