Thomas is an employer with two employees, Patty and Selma. Pattys wages are $12,450 and Selmas wages

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Thomas is an employer with two employees, Patty and Selma. Patty’s wages are $12,450 and Selma’s wages are $1,310. The state unemployment tax rate is 5.4 percent. Calculate the following amounts for Thomas:

a. FUTA tax before the state tax credit

b. State unemployment tax

c. FUTA tax after the state tax credit

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Income Tax Fundamentals 2020

ISBN: 9780357108239

38th Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill

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Question Posted: Aug 24, 2020 09:05 AM

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Thomas is an employer with two employees, Patty and Selma. Pattys wages are $12,450 and Selmas wages

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Income Tax Fundamentals 2020

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