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Given the following data, compute the Net FUTA Tax due based on timely and untimely remittance of the SUTA for Get'r Done, Inc: Total wages

Given the following data, compute the Net FUTA Tax due based on timely and untimely remittance of the SUTA for Get'r Done, Inc:

  • Total wages paid for the year were $165,250
  • Total wages subject to FUTA Tax are $57,500
  • Total SUTA obligation was $ 3300
  • Amount of SUTA paid late was $ 2500

Timely SUTA Remittance

Late SUTA Remittance

Total Annual Wages:

165,250

165,250

Wages paid in excess of $7000 limit

Total Taxable Wages:

57,500

57,500

Gross FUTA Tax Due:

Credit against FUTA (assume applicable)

Net FUTA Tax:

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