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Roxy Co., which has a taxable payroll of $600,000, is subject to FUTA tax of 6.2% and a state contribution rate of 5.4%. However, because
Roxy Co., which has a taxable payroll of $600,000, is subject to FUTA tax of 6.2% and a state contribution rate of 5.4%. However, because of stable employment experience, the companys state rate has been reduced to 2%.What is the total amount of federal and state unemployment tax for Roxy Co.? a. $70,200 b. $49,200 c. $24,000 d. $16,800
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