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Harry Frankfort earned $63,800 for the year from Purple Company. The company is subject to FUTA tax as prescribed by federal law and a SUTA
Harry Frankfort earned $63,800 for the year from Purple Company. The company is subject to FUTA tax as prescribed by federal law and a SUTA tax of 4.7% on the first $11,500 of earnings. Assume Purple Company isn't subject to any penalties.
What is the employer's FUTA tax on Frankfort's earnings?
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