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.Niemann Company has a SUTA tax rate of 7.1%.The taxable payroll for the year for FUTA and SUTA is $82,600.
a)The amount of FUTA tax for the year is __________.
b)The amount of SUTA tax for the year is __________.

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.Niemann Company has a SUTA tax rate of 7.1%.The taxable payroll for the year for FUTA and SUTA is $82,600.
a)The amount of FUTA tax for the year is __________.
b)The amount of SUTA tax for the year is __________.

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.Niemann Company has a SUTA tax rate of 7.1%.The taxable payroll for the year for FUTA and SUTA is $82,600.
a)The amount of FUTA tax for the year is __________.
b)The amount of SUTA tax for the year is __________.

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