Question
Preston Co., which has a taxable payroll of $500,000, is subject to Federal Unemployment Tax Act (FUTA) tax of 6. 2% and a state contribution
Preston Co., which has a taxable payroll of $500,000, is subject to Federal Unemployment Tax Act (FUTA) tax of 6. 2% and a state contribution rate of 5. 4%. However, because of stable employment experience, the company's state rate has been reduced to 2%. What is the total amount of federal and state unemployment tax for Preston Co.?
| a | $58,500 |
| b | $41,000 |
| c | $20,000 |
| d | $14,000 |
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Preliminary Audit Results Montanas State Employee Compensation 1990
Authors: Waters Consulting Group, Montana. State Employee Compensation Committee
1st Edition
1378152700, 978-1378152706
