Instruction 5-1
Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages.
Refer to Instruction 5-1 . In the first quarter of the year, Henry Gibson earned $3,000 in wages and reported $2,400 in tips to his employer. How much would the employer's FUTA tax be for the first quarter on Gibson?

Question

Instruction 5-1 
Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages. 
Refer to Instruction 5-1 . In the first quarter of the year, Henry Gibson earned $3,000 in wages and reported $2,400 in tips to his employer. How much would the employer's FUTA tax be for the first quarter on Gibson?

Quizplus · Accepted Answer

The Answer of Instruction 5-1 
Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages. 
Refer to Instruction 5-1 . In the first quarter of the year, Henry Gibson earned $3,000 in wages and reported $2,400 in tips to his employer. How much would the employer's FUTA tax be for the first quarter on Gibson?

Instruction 5-1 Use the Net FUTA Tax Rate of 0.6% on the 0.6