GTW Incorporated., did not make timely deposits for SUTA purposes and its state wages subject to...
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GTW Incorporated., did not make timely deposits for SUTA purposes and its state wages subject to SUTA and FUTA were $289,000. Assume the wage limit was reached prior to July 1, 2020. 1. Calculate the amount of tax due on the 940. 2. How much would the FUTA tax have been if GTW made timely deposits to its state fund? GTW Incorporated., did not make timely deposits for SUTA purposes and its state wages subject to SUTA and FUTA were $289,000. Assume the wage limit was reached prior to July 1, 2020. 1. Calculate the amount of tax due on the 940. 2. How much would the FUTA tax have been if GTW made timely deposits to its state fund?
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1 Calculate the amount of tax due on the 940 The amount of ta... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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