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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: a. $495.60 b. $4,956 c. $5,864.60 d. $420 e. none of the above

Respuesta :

TomShelby

Answer:

a. $495.60

Explanation:

It is asking for the amount of FUTA

The FUTA rate is 6% but Niemann is paying their State taxes so it get's a discount for 5.4%

His FUTA rate is then 0.6%

[tex]taxable \: payroll \times FUTA[/tex]

82,600 x 0.06 = 495.6

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