Timechex operates as a Nevada business. The employees annual earnings for the past calendar year are as follows: Will, $360,240: Adalia, $36,686: Brian, $21,190: ans Amanda, $6,000. What is Timechex's FUTA tax liability for the year?

PAYROLL ACCT.,2019 ED.(LL)-TEXT
19th Edition
ISBN:9781337619783
Author:BIEG
Publisher:BIEG
Chapter5: Unemployment Compensation Taxes
Section: Chapter Questions
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Timechex operates as a Nevada business. The employees annual earnings for the past calendar year are as follows: Will, $360,240: Adalia, $36,686: Brian, $21,190: ans Amanda, $6,000.

What is Timechex's FUTA tax liability for the year?

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