Stys Company's payroll for the year is $ 1,210,930 . Of this amount , $ 510,710 is

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Stys Company's payroll for the year is $ 1,210,930 . Of this amount , $ 510,710 is for wages paid in excess of 7,000 to each individual employee. The SUTA tax rate for the company is 3.2 % on the first $ 7,000 of each employee's earnings.

a) The amount of FUTA tax for the year is ?

b) The amount of SUTA tax for the year is ?

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College Accounting A Practical Approach Chapters 1-25

ISBN: 9780133791006

13th Edition

Authors: Jeffrey Slater

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Posted Date: Aug 17, 2023 02:32 AM

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Stys Company's payroll for the year is $ 1,210,930 . Of this amount , $ 510,710 is

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a The amount of FUTA tax for the year is 4843 The Federal Unemployment Tax Act FUTA is a federal tax ... View the full answer

College Accounting A Practical Approach Chapters 1-25

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