Question
Stys company's payroll for the year is $1,210,930. Of this amount $510,710 Is for wages paid in excess of $7000 to each individual employee. The
Stys company's payroll for the year is $1,210,930. Of this amount $510,710 Is for wages paid in excess of $7000 to each individual employee. The SUTA tax rate for the company is 3.2% on the first 7000 of each employees earnings.
A)the amount of FUTA tax for the year is
b) The amount of SUTA for the tax year is
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Financial Accounting Information for Decisions
Authors: John Wild
7th edition
78025893, 978-0078025891
