Let's assume that Krystill Company has paid wages of $99,625 in 2017. Of this amount, a bonus of $10,000 will not be paid until January, 2018 and the wages paid in excess of the FUTA limit amounted to $64,732. The gross FUTA tax imposed is computed as follows: Description Calculation 1. Total wages paid $99,625 ($10,000) (64,732) 2. Less: Wages not paid until 2018 Less: Wages paid in excess of 2017 FUTA limit Total taxable wages Taxable wages (74,732) 4. $24,893 5. $24,893 6.0% Multiplied by the FUTA tax rate 6. Amount of gross FUTA tax, rounded to the nearest cent. 1,493.58