Question
Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages. Hunter Company had a FUTA taxable payroll of $192,700 for
Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages.
Hunter Company had a FUTA taxable payroll of $192,700 for the year. Since the company is located in a state that has 1.5% FUTA credit reduction due to unpaid loans, determine Hunter's FUTA tax liability for the year. Round your answer to two decimal places. $_________
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Connect For Financial Accounting Information For Decisions
Authors: Author
10th Edition
1260386937, 9781260386936
