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1 . An employer in Cleveland, OH , employs two individuals, whose taxable earnings to date ( prior to the current pay period ) are
An employer in Cleveland, OH employs two individuals, whose taxable earnings to date prior to the current pay period are $ and $ During the current pay period, these employees earn $ and $ respectively.
FUTA tax
An employer in Nesconset, NY employs three individuals, whose taxable earnings to date prior to the current pay period are $ $ and $ During the current pay period, these employees earn $ $ and $ respectively.
FUTA tax $
An employer in The US Virgin Islands employs two individuals, whose taxable earnings to date prior to the current pay period are $ and $ During the current pay period, these employees earn $ and $ respectively.
FUTA tax $
An employer in Cary, NC employs three individuals, whose taxable earnings to date prior to the current pay period are $ $ and $ During the current pay period, these employees earn $ $ and $ respectively.
FUTA tax $
What is the FUTA Tax on each problem?
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Step: 1
The FUTA tax for each scenario can be calculated using the following information FUTA Tax Rate 60 FUTA Wage Base 7000 the first 7000 of wages paid to each employee annually is subject to FUTA tax Here...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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