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The current Federal Unemployment Taxes (FUTA) tax rate is 0.6%, and the State Unemployment Taxes (SUTA) tax rate is 5.4%. Both taxes are applied to
The current Federal Unemployment Taxes (FUTA) tax rate is 0.6%, and the State Unemployment Taxes (SUTA) tax rate is 5.4%. Both taxes are applied to the first $7,000 of an employee's pay. Assume that an employee earned total wages of $10,900. What is the amount of total unemployment taxes the employer must pay on this employee's wages? Multiple Choice $588.60 $420.00. $65.40 $654.00
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Financial Accounting The Impact On Decision Makers
Authors: Gary A. Porter
8th Edition
1285880447, 978-1285880440
