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Answer to Question #112163 in Accounting for Everlyn
Question #112163
.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. The amount of FUTA tax for the year is.....
Niemann Company has a SUTA tax rate of 7.1%. The taxable payroll for the year for FUTA and SUTA is $82,600. The amount of FUTA tax for the year is.....
Expert's answer
FUTA tax for the year is
"82600\\times0.006=495.6"
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#339914 on Dec 2023
#339914 on Dec 2023
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