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Maeda Company Has the Following Employees on the Payroll

Question 124

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Maeda Company has the following employees on the payroll:
Maeda Company has the following employees on the payroll:    Using the information above: a.Calculate the FUTA tax liability for 2014.Assume that Maeda Company has paid all amounts due during the year. b.If the payroll is consistent from quarter to quarter,how much would be remitted in FUTA taxes in each of the four quarters in 2014? Using the information above:
a.Calculate the FUTA tax liability for 2014.Assume that Maeda Company has paid all amounts due during the year.
b.If the payroll is consistent from quarter to quarter,how much would be remitted in FUTA taxes in each of the four quarters in 2014?

Correct Answer:

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a.$7,000 × .6% = $42...

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