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Can someone show me the steps to completing this? I already tried it and got it wrong. We are using 6%. Thanks in advance! Assume
Can someone show me the steps to completing this? I already tried it and got it wrong. We are using 6%. Thanks in advance!
Assume that LMNOP, Inc. had a total annual FUTA Tax due of $5500.00, and a SUTA tax due of 5 4400. 53000 of the total SUTA tax obligation was paid late. Calculate the amount of the credit against the FUTA tax, and the net amount of FUTA Tax due. Gross FUTA Tax Due $5,500 Credit against FUTA Net FUTA Tax Due Assume that LMNOP, Inc. had a total annual FUTA Tax due of $5500.00, and a SUTA tax due of 5 4400. 53000 of the total SUTA tax obligation was paid late. Calculate the amount of the credit against the FUTA tax, and the net amount of FUTA Tax due. Gross FUTA Tax Due $5,500 Credit against FUTA Net FUTA Tax Due
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