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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 a 0.3% FUTA credit reduction due to unpaid loans, determine Hunters FUTA tax liability for the year:
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