Question
For each of the described pay periods, determine the taxable earnings subject to FUTA tax: 1:A business employs three individuals, whose taxable earnings to date
For each of the described pay periods, determine the taxable earnings subject to FUTA tax:
1:A business employs three individuals, whose taxable earnings to date (prior to the current pay period) are $5,700, $8,000, and $1,000. During the current pay period, these employees earn $1,600, $3,460, and $2,400, respectively. Taxable earnings subject to FUTA tax = $
2:A business employs two individuals, whose taxable earnings to date (prior to the current pay period) are $2,400, and $7,200. During the current pay period, these employees earn $1,550 and $850, respectively. Taxable earnings subject to FUTA tax = $
3:A business employs three individuals, whose taxable earnings to date (prior to the current pay period) are $26,700, $4,400, and $6,850. During the current pay period, these employees earn $2,320, $2,550, and $3,100, respectively. Taxable earnings subject to FUTA tax = $
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