eorgina has four employees who earned $75,000, $27,000, $2,100, and $6,200 during 2020, respectively. She paid 5.4 percent for state unemployment tax. How much FUTA tax will Georgina owe for the four employees? a. $163.70 b. $321.60 c. $224.00 d. $133.80
eorgina has four employees who earned $75,000, $27,000, $2,100, and $6,200 during 2020, respectively. She paid 5.4 percent for state unemployment tax. How much FUTA tax will Georgina owe for the four employees? a. $163.70 b. $321.60 c. $224.00 d. $133.80
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter9: Payroll Accounting: Employer Taxes And Reports
Section: Chapter Questions
Problem 2MC: LO2 Joyce Lee earns 30,000 a year. Her employer pays a matching Social Security tax of 6.2% on the...
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Question
Georgina has four employees who earned $75,000, $27,000, $2,100, and $6,200 during 2020, respectively. She paid 5.4 percent for state
a. |
$163.70 |
|
b. |
$321.60 |
|
c. |
$224.00 |
|
d. |
$133.80 |
|
e. |
$882.40 |
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