1. 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.

2.Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages.

Faruga Company had FUTA taxable payrolls for the four quarters of $38,400; $29,600; $16,500; and $8,900, respectively. What was the amount of Faruga's first required deposit of FUTA taxes?

3.In Part 5 of Form 940, Peterson Company reported FUTA tax liabilities as follows:

First quarter: $397.50

Second quarter: $209.10

Third quarter: $274.50

Fourth quarter: $262.20

List the amounts and the dates of each required FUTA tax deposit:

1st quarter dates 4/05, 4/15, or 4/30

2nd quarter dates 7/05, 7/15, or 7/31

3rd quarter dates 10/05, 10/15, or 10/31

4th quarter dates 1/05, 1/15, or 1/31

4.Complete Part 2 of Form 940 based on the following information:

Total payroll for the year $913,590

Payroll to employees in excess of $7,000 $421,930

Employer contributions into employees' 401(k) plans $23,710

b.If the employer is located in California, which has a credit reduction of 2.1%, what would be the amount of the credit reduction?