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)
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Author:James A. Heintz, Robert W. Parry
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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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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 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

  e.

$882.40

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