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Roxy Co., which has a taxable payroll of $800,000, is subject to FUTA tax of 6% and a state contribution rate of 5.4%. However, because
Roxy Co., which has a taxable payroll of $800,000, is subject to FUTA tax of 6% 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 amount of the federal and the state unemployment tax for Roxy Co.? FUTA TAX SUTA TAX $
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