Question
Peyton Company's payroll for the year is $732,650. Of this amount, $473,420 is for wages paid in excess of $7,000 to each individual employee. The
Peyton Company's payroll for the year is $732,650. Of this amount, $473,420 is for wages paid in excess of $7,000 to each individual employee. The SUTA rate in Peyton Company's state is 2.9% on the first $7,000 of each employee's earnings. Compute:
Round your answers to the nearest cent.
a. Net FUTA tax$b. Net SUTA tax$c. Total unemployment taxes$
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Principles of Financial Accounting chapters 1-17
Authors: John Wild, Ken Shaw, Barbara Chiappetta
23rd edition
1259687740, 1259687747, 978-1259687747
