FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question

What is EE Taxable Wages FUTA in quater 3?

Emloyee Q1 Q2 Q3 Q4
EE  3500 3500 3200 3200

 

I thought the answer was (7000 - ( 3200 - 500)) = 4300 and to find FUTA it would be 4300*.006 = 258.

Thats not it.

Then I thought maybe its 7000 - (2700 - 500) = 7000 - 2200 =  4800

But thats not it. Help!

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