7b7

7B-7. At the end of the first quarter of 2017, you are asked to determine the FUTA tax liability for Franklin Company. The FUTA tax rate is 0.6% on the first $7,000 each employee earns during the year (assuming 13 weeks for the first quarter and each employee earned the same gross weekly pay for all 13 weeks). Employee P. Franklin 0. Hienze Q. Roberts R. Waters Gross Pay Per Week $740 840 620 390