Question
The SUTA rate for Montego Corporation is 5.4% and its FUTA rate is 6.2% less the 5.4% SUTA credit. If its monthly payroll is $153,720
The SUTA rate for Montego Corporation is 5.4% and its FUTA rate is 6.2% less the 5.4% SUTA credit. If its monthly payroll is $153,720 and none was for payments to employees in excess of the $7,000 wage base, what are the total FUTA and SUTA taxes for the payroll?
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Introduction To Personal Finance Beginning Your Financial Journey
Authors: Lance Palmer, John E. Grable
2nd Edition
1119797063, 978-1119797067
