Palco Co. has a taxable payroll of $1,200,000. The company is subject to FUTA tax state contribution rate of 5.4%. However, because of its low employee turnover, it reduction in the state rate to 3%. The total amount of federal and state unemploy O $48,000. O $74,400. O $45,600. O $139,200.

Palco Co. has a taxable payroll of $1,200,000. The company is subject to FUTA ta state contribution rate of 5.4%. However, because of its low employee turnover, reduction in the state rate to 3%. The total amount of federal and state unemploy $48,000. $74,400. $45,600. $139,200