Question
Garrison Shops had a SUTA tax rate of 3.7%. The states taxable limit was $8,000 of each employees earnings. For the year, Garrison Shops had
Garrison Shops had a SUTA tax rate of 3.7%. The states
taxable limit was $8,000 of each employees earnings. For
the year, Garrison Shops had FUTA taxable wages of
$67,900 and SUTA taxable wages of $83,900. Compute:
a. Net FUTA tax . . . . . . . . . . . . . . . $
b. Net SUTA tax . . . . . . . . . . . . . . . $
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Federal Taxation 2016 Comprehensive
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
29th Edition
134104374, 978-0134104379
