Carol works for ABC Company and earned $63,000 for the entire 2019 year. How much in FUTA
Question:
Carol works for ABC Company and earned $63,000 for the entire 2019 year. How much in FUTA tax is her employer required to withhold in her name? Assume that the employer receives the maximum credit for state unemployment taxes.
a. $0.
b. $42.00.
c. $43.40.
d. $420.00.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (9 reviews)
b 4200 Feedback Only the first 7000 is subject t...View the full answer
Answered By
Loise Ndungu
I have five years of experience as a writer. As I embark on writing your papers from the prologue to the epilogue, my enthusiasm is driven by the importance of producing a quality product. I put premium product delivery as my top priority, as this is what my clients are seeking and what makes me different from other writers. My goal is to craft a masterpiece each time I embark on a freelance work task! I'm a freelance writer who provides his customers with outstanding and remarkable custom writings on various subjects. Let's work together for perfect grades.
4.90+
82+ Reviews
227+ Question Solved
Related Book For
Fundamentals Of Taxation 2020 Edition
ISBN: 9781260483147
13th Edition
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler
Question Posted:
Students also viewed these Business questions
-
Carol works for ABC Company and earned $63,000 for the entire 2018 year. How much in FUTA tax is her employer required to withhold in her name? Assume that the employer receives the maximum credit...
-
Multiple choice Questions 1. Employers pay a maximum federal unemployment tax of 6.0% on how much of an employees taxable wages for 2014? a. $1,800. b. $3,800. c. $5,800. d. $7,000. 2. Carlos has two...
-
1. Employees claim withholding allowances on Form W-4. Each withholding allowance claimed lowers their annual withholding base by what amount for calendar year 2015? a. $3,850. b. $3,900. c. $3,950....
-
Find RL for maximum power transfer and the maximum power that can be transferred to the load in the circuit in figure. 1 mA 1 kn 2 mA RL 0.5 kn 1 kn 2 mA +)6 V
-
1. Vectors a, b, c, and d 2. Vectors w, x, y, and z 2 0
-
Practice with the capital account: Which of the three categories of the capital account does each belong in? Which of the following tend to raise the value of Country Xs capital account? a. A...
-
Information technology is continually changing the nature of accounting and the role of accountants. Write a two-page report describing what you think the nature of the accounting function in a large...
-
Physicians Hospital has the following balances on December 31, 2015, before any adjustment: Accounts Receivable = $60,000; Allowance for Uncollectible Accounts = $1,100 (credit). On December 31,...
-
Technical Content and Depth: Reflect on the technical aspects of your written case study. Did you delve deep enough into climate-related financial reporting concepts, particularly in relation to the...
-
A computer whose processes have 1024 pages in their address spaces keeps its page tables in memory. The overhead required for reading a word from the page table is 5 nsec. To reduce this overhead,...
-
A taxpayer with 2019 AGI of $160,000 has no income tax withholding and is required to pay estimated taxes. The taxpayer can avoid an underpayment penalty by paying a. At least 90% of the 2019 tax...
-
Dewoun has two jobs, and both employers withheld FICA tax. From his first job, he earned $104,110, and from his second job, he earned $30,300. How much can Dewoun claim as an additional payment on...
-
It is the responsibility of the assignor to give notice of the assignment to the obligor. True/False
-
Examine the three economic indicators (e.g. economic growth, unemployment and inflation) for the past five years for a country of your choice. Explain how these indicators have changed since the...
-
Name and Explain two adjustable rate mortgages? What is mortgage? define mortgage.
-
what are the mechanisms underlying gas exchange in the alveoli, and how do factors such as ventilation-perfusion matching, diffusion capacity, and pulmonary surfactant contribute to efficient...
-
How do environmental factors, such as climate change and habitat fragmentation, influence the rate and pattern of speciation across different taxa ? Explain
-
It is March 1. A company expects to buy 1000 barrels of crude oil on June 1. On March 1, the price of oil is $51 per barrel and the July futures price is $49 per barrel. On June 1, the price of oil...
-
Place the following stages in addressing environmental problems in order and briefly explain each: long-term evaluation, public education and involvement, risk analysis, scientific assessment,...
-
What is beacon marketing? What are digital wallets?
-
Multiple Choice Questions 1. Carmin performs services in exchange for a 25% interest in Real Estate Rental Partnership. The services were worth $15,000. The tax implications to Carmin are: a. No...
-
How do taxation for the corporate form and taxation for the partnership form differ?
-
Multiple Choice Questions 1. A partners share of ordinary income or loss and separately stated items is reported to the partner via what form? a. Form 1065. b. Form 1040 - Schedule SE. c. Form 1065,...
-
Jare Asset valuation and risk Personal Finance Problem Laura Drake wishes to estimate the value of an asset expected to provide cash inflows of $2,200 for each of the next 4 years and $10,859 in 5...
-
14 points Problem 10-24 Using Return Distributions Assume the returns on an asset are normally distributed. Suppose the historical average annual return for the asset was 7.3 percent and the standard...
-
Question 4 (9 marks) ABC Inc. is considering investing in the following capital project that is expected to provide 10 years of cash flows (= sales revenue net of operating costs). The expected...
Study smarter with the SolutionInn App