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At the end of the first quarter of 202X, you are asked to determine the FUTA tax liability for Driving Company. The FUTA tax rate

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At the end of the first quarter of 202X, you are asked to determine the FUTA tax liability for Driving 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.) (Enter amounts to the nearest cent as needed.)

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