Question
Thomas is an employer with two employees, Patty and Selma. Patty's wages are $12,450 and Selma's wages are $1,310. The state unemployment tax rate is
Thomas is an employer with two employees, Patty and Selma. Patty's wages are $12,450 and Selma's wages are $1,310. The state unemployment tax rate is 5.4 percent.
Calculate the following amounts for Thomas:
Round your answer to two decimal places.
a. FUTA tax before the state tax credit $
b. State unemployment tax $
c. FUTA tax after the state tax credit $
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Financial Accounting The Impact On Decision Makers
Authors: Gary A. Porter, Curtis L. Norton
2nd Edition
0030270995, 978-0030270994
