At the end of the first quarter of 200X, you have been asked to determine the FUTA tax liability for Oscar Company as well as to record any payment of tax liability. The following information has been supplied to you; the FUTA tax rate is .8 percent on the first $7,000 each employee earns during the year. LO.1

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Employee J. King A. Lane Gross Pay per Week $400 500 B. Move 600 C. Slade 900