Question
Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages. Niemann Company has a SUTA tax rate of 7.1%. The
Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages.
Niemann Company has a SUTA tax rate of 7.1%. The taxable payroll for the year for FUTA and SUTA is $82,600.
Round your answers to two decimal places
| a. The amount of FUTA tax for the year is $. |
| b. The amount of SUTA tax for the year is $. |
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The Financial System Financial Regulation And Central Bank Policy
Authors: Thomas F. Cargill
1st Edition
1107035678, 9781107035676
