940 Form

Business, Legal & Accounting Glossary

Definition: 940 Form


940 Form


Full Definition of 940 Form


Employer’s Annual Federal Unemployment (FUTA) Tax Return. This form is the federal unemployment tax annual report. The form calculates an employer’s federal unemployment tax liability. It will then adjust for any state unemployment taxes that are paid, as well as the unemployment tax that is due. The form will then compare the unemployment tax that is due for the year to the tax that has already been paid. The employer will then be required to pay the underpaid amount of tax.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/940-form/
Modern Language Association (MLA):
940 Form. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 08, 2021 https://payrollheaven.com/define/940-form/.
Chicago Manual of Style (CMS):
940 Form. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/940-form/ (accessed: December 08, 2021).
American Psychological Association (APA):
940 Form. PayrollHeaven.com. Retrieved December 08, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/940-form/

Definition Sources


Definitions for 940 Form are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 13th November, 2021 | 0 Views.