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I specifically need help with finding the credit reduction as I am struggling with the math on that and I am struggling with Part $4$ and $5$ of form $940.$

Show me the steps to solve As the accountant for Runson Moving Company, you are preparing the company$$s annual return, Form $940$ and Schedule A$.$ Use the following information to complete both.

Address: $423$ Bristol Pike

Reno, NV $89502-0423$

EIN: $00-0003793$

The net FUTA tax liability for each quarter of $20--$ are:

First $ $220\mathrm{.}10$

Second $ $107\mathrm{.}60$

Third $ $101\mathrm{.}00$

Fourth $ $56\mathrm{.}10$ Plus the credit reduction.

Since the net FUTA tax liability did not exceed $$500$ until the $4$th quarter, the company was required to make its first deposit of FUTA taxes on January $31$ of the next year. Assume that the electronic payment was made on time.

a$.$ One of the employees performs all of his duties in another state $$ Arizona

b$.$ Total payments made to employees during calendar year $20--$:

Nevada $ $102,310$

Arizona $ $18,490$

Total $ $120,800$

c$.$ Employer contributions in Nevada into employees$401($k$)$ retirement plan: $$3,500($included in the $$120,800).$

d$.$ Payments made to employees in excess of $ $7,000$: $ $36,500.($$$11,490$ from Arizona and $$25,010$ from Nevada$).$

e$.$ Form is to be signed by Mickey Vixon, Vice President and dated, $1/31/--$

f$.$ Phone number $(219)-555-8310.$

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