Get Answers Support Tax Filings & Payments 94x Forms Form 940 What is part 3 in Form 940 represent? Last modified 4/5/2023 5:29:14 AM EST The part 3 in Form 940 requires you to specify whether: If all your total taxable FUTA wages (Line 7) were exempt from state unemployment tax, multiply the amount in Line 7 by 0.054 and enter it as Line 9. Line 10 must be completed if only some of the taxable FUTA wages paid were exempt from state unemployment tax or if you paid any state unemployment tax late. If you completed Schedule A of Form 940 for wages paid in a credit reduction state, enter the total from Schedule A on Line 11. Was this helpful? Yes No Related Questions How to file Form 940 in TaxBandits? When is the deadline for the 940 tax Form? What is Part 1 in Form 940 represent? What is Part 2 in Form 940 represent? Go to Home Page Need more help? Get in touch with our dedicated support team Contact Us (704) 684-4751 support@taxbandits.com Sign Up for a FREE TaxBandits Account! The Smart CPA Choice Register Now Already have an account? Sign in