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Using the following information, provide the net FUTA tax. Show your calculations (use of Excel preferred but not required). Total amount charged to wages during
Using the following information, provide the | |
net FUTA tax. | |
Show your calculations (use of Excel preferred but not required). | |
Total amount charged to wages during the year | 126,000 |
Wages not paid until the next year | 1,440 |
Wages paid in excess of $7,000 limit | 28,920 |
Credit rate available to company | 5.4%
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