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Question: Donner Company began its operations in September of the current year. During September, the company paid wages of $23,400. For the last quarter of
Question:
Donner Company began its operations in September of the
current year. During September, the company paid wages
of $23,400. For the last quarter of the year, the taxable
wages paid amounted to $64,700. None of the employees
was paid more than $7,000 this year.
a. Is Donner Company liable for FUTA tax this year?
Explain.
b. What is the net FUTA tax? . . . . . $
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