Question
Roxy Co. has a payroll of $800,000 subject to federal unemployment tax of .8% after statecredit and state unemployment tax of 5.4%. However, because of
Roxy Co. has a payroll of $800,000 subject to federal unemployment tax of .8% after statecredit and state unemployment tax of 5.4%. However, because of stable employment experience, the company's state rate has been reduced by a 3.4% credit. What is the total amount of federal and state unemployment tax for Roxy Co.?
a.$93,600
b.$65,600
c.$32,000
d.$22,400
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Business Statistics For Contemporary Decision Making
Authors: Black Ken
8th Edition
409
