Question: PLEASE TYPE OUT THE ANSWER AND SHOW WORK Assume that LMNOP, Inc. had a total annual FUTA Tax due of $5500.00, and a SUTA tax

PLEASE TYPE OUT THE ANSWER AND SHOW WORK

Assume that LMNOP, Inc. had a total annual FUTA Tax due of $5500.00, and a SUTA tax due of $ 4400. $3000 of the total SUTA tax obligation was paid late. Calculate the amount of the credit against the FUTA tax, and the net amount of FUTA Tax due.

Gross FUTA Tax Due $5,500
Credit against FUTA /#blank1#/
Net FUTA Tax Due /#blank2#/

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