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.Faruga Company had FUTA taxable payrolls for the four quarters of
2017 of $28,400;$19,600;$16,500;and $8,900,respectively.The company was located in a state
that was subject to a FUTA credit reduction of 1.5%.What was the amount of Faruga's first required
deposit of FUTA taxes?

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.Faruga Company had FUTA taxable payrolls for the four quarters of
2017 of $28,400;$19,600;$16,500;and $8,900,respectively.The company was located in a state
that was subject to a FUTA credit reduction of 1.5%.What was the amount of Faruga's first required
deposit of FUTA taxes?

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.Faruga Company had FUTA taxable payrolls for the four quarters of
2017 of $28,400;$19,600;$16,500;and $8,900,respectively.The company was located in a state
that was subject to a FUTA credit reduction of 1.5%.What was the amount of Faruga's first required
deposit of FUTA taxes?

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