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Since the SUTA rates changes are made at the end of each year, the available 2022 rates were used for FUTA and SUTA. Note: For

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Since the SUTA rates changes are made at the end of each year, the available 2022 rates were used for FUTA and SUTA. Note: For this textbook edition the rate 0.6% was used for the net FUTA tax rate for employers. Banerjee Company bepan its operations in September of the current year. During September, the company paid wages of $29,000. For the taxable wages paid amounted to $83,600. None of the employees was paid more than $7,000 this year. a. Is Banerjee Company lable for FUTA tax this year? b. If your answer to part (a) above is "Yes", what is the net FUTA tax for the year? Round your answer to the nearest cent. 4 x Fentbod TOhed W, Wok. a. Hint: What are the total quarterly wages required to be fiable for FUTA taxes? b. FUTA taxable payroll times net FUTA rate

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