Question
Bonita Industries, which has a taxable payroll of $1210000, is subject to FUTA tax of 6.2% that includes a state contribution rate of 5.4%. However,
Bonita Industries, which has a taxable payroll of $1210000, is subject to FUTA tax of 6.2% that includes a state contribution rate of 5.4%. However, because of stable employment experience, the companys state rate has been reduced to 2%. What is the total amount of federal and state unemployment tax for Bonita Industries?
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Exploring Strategic Change
Authors: Julia Balogun, Veronica Hope Hailey, Stafanie Gustafsson
4th Edition
0273778919, 9780273778912
