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Please Help, I can't figure out how to do this problem, these are my answers and they are wrong.. In this step, you will walk
Please Help, I can't figure out how to do this problem, these are my answers and they are wrong..
In this step, you will walk through the process to compute net FUTA tax due. Below is a list of employees for Doolin Insurance Services, with the amount during the calendar year. First determine the taxable earnings for each employee. Year to Date Calendar earnings Taxable Earnings 420 x 420 X 391.8 X 420 X Employee Name $40265.00 $11225.50$ $6530.00 54360.00 $ Faye Deering ul Estrada $225 50 Manuel Estrada on Eskridge Janet Lee Next, total the taxable earnings from above and apply the current FUTA tax rate to determine the gross FUTA tax due. Round the FUTA tax to the nearest Total taxable earnings $1,651.8 X x Rate of FUTA tax Amount of Gross FUTA tax$ 64% 99.11 XStep by Step Solution
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