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

Question 63

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Instruction 5-1
Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages.

-In Part 5 of Form 940,Peterson Company reported FUTA tax liabilities as follows:
First quarter:
$397.50
Second quarter:
$209.10
Third quarter:
$274.50
Fourth quarter:
$262.20
List the amounts and the dates of each required FUTA tax deposit:
First Quarter Deposit
$__________
date
__________
Second Quarter Deposit
$__________
date
__________
Third Quarter Deposit
$__________
date
__________
Fourth Quarter Deposit
$__________
date
__________

Correct Answer:

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First Quarter Deposit
​ $0
dat...

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