In 2020, Willow Corporation had three employees. Two of the employees worked full-time and earned salaries of $25,000 each. The third employee worked only part-time and earned $4,000. The employer timely paid state unemployment tax equal to 5.4 percent of each employee's wages up to $7,000. How much FUTA tax is due from Willow Corporation for 2020, after the credit for state unemployment taxes?a.$0b.$102c.$108d.$918e.$1,134

Amount paid under State Unemployment Tax = [($7,000. x 2 employees) + $4,000] x state unemployment…

Answered: In 2020, Willow Corporation had three…

PAYROLL ACCT.,2019 ED.(LL)-TEXT

19th Edition

ISBN:9781337619783

Author:BIEG

Publisher:BIEG

Chapter5: Unemployment Compensation Taxes

Section: Chapter Questions

Problem 8PB: During 2019, Jake Gore worked for two different employers. Until May, he worked for Wonderman...

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In 2020, Willow Corporation had three employees. Two of the employees worked full-time and earned salaries of $25,000 each. The third employee worked only part-time and earned $4,000. The employer timely paid state unemployment tax equal to 5.4 percent of each employee's wages up to $7,000. How much FUTA tax is due from Willow Corporation for 2020, after the credit for state unemployment taxes?

a.$0

b.$102

c.$108

d.$918

e.$1,134

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