Question: Audrey opened Hardy Consulting Services during the current year. She has one employee, Deng, who is paid a salary of $30,000. Audrey is confused about

Audrey opened Hardy Consulting Services during the current year. She has one employee, Deng, who is paid a salary of $30,000. Audrey is confused about the amount of federal unemployment tax she is required to pay on Deng’s salary. The state unemployment tax rate is 4%. Audrey has asked you to determine how much federal unemployment tax she is required to pay on Deng’s salary. Write Audrey a letter explaining the amount of federal unemployment tax she must pay.

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Sec 3301 states that the FUTA rate is 62 Sec 3306b1 limits the maximum amount of wages ... View full answer

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