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1 Qwan Company's payroll for the year is $744,080. Of this amount, $478,930 is for wages paid in excess of $7,000 to each individual employee.
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Qwan Company's payroll for the year is $744,080. Of this amount, $478,930 is for wages paid in excess of $7,000 to each individual employee. The SUTA rate in Qwan Company's state is 2.9% on the first $7,000 of each employee's earnings. Compute: Round your answers to the nearest cent. a. Net FUTA tax b. Net SUTA tax c. Total unemployment taxes Feedback Check My Work a. FUTA Taxable payroll times net FUTA rate b. SUTA Taxable payroll times net SUTA rate c. Total unemployment taxes 7,689.35 X 15,909 X
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