At the end of the first quarter of 201X, you are asked to determine the FUTA tax liability for Aim Company. The FUTA tax rate is 0.6% on the first $7,000 each employee earns during the year (assuming 13 weeks for the first quarter) and each employee earned the same gross weekly pay for all 13 weeks).
Employee _____________________ Gross Pay Per Week
W. Duncan ........................................$690
S. Ivan ..............................................780
V. North..............................................560
H. Young...........................................430