A company has 10 employees. This companys FUTA rate is 0.8% on the first ($7,000) earned; its
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A company has 10 employees. This company’s FUTA rate is 0.8% on the first \($7,000\) earned; its SUTA rate is 2.5% on the first \($7,000\). Each employee earns over \($7,000\) in 2008, and the employer's total gross pay is \($200,000\). What amount of
(a) FUTA taxes and
(b) SUTA taxes will the employer pay in 2008?
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Related Book For 
College Accounting Ch 1-14
ISBN: 9781260904314
1st Edition
Authors: John Wild, Vernon Richardson, Ken Shaw
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