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Recently, you have been recruited as a payroll accountant in a small company. The company did not have any ideas about the employer status for
Recently, you have been recruited as a payroll accountant in a small company. The company did not have any ideas about the employer status for FUTA tax calculations. Based on your findings, the company is actually considered as an employer and is liable for FUTA tax for the entire calendar year.
Advise the executives of the company regarding the quarterly deposits of FUTA taxes.
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