Calculate the futa


Question: TV World employs three individuals, whose taxable earnings to date (prior to the current pay period) are $42,500, $6,800, and $2,000. During the current pay period, these employees earn $3,140, $1,870, and $1,500, respectively. For this problem, use an applicable SUTA rate of 1.5% and a SUTA threshold of $8,500. Calculate the FUTA

 

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Accounting Basics: Calculate the futa
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