Question - Peroni Company paid wages of $170,900 this year. Of this amount, $114,000 was taxable for net FUTA and SUTA purposes. The states contribution tax rate is 3.1% for Peroni Company. Due to cash flow problems, the company did not make any SUTA payments until after the form 940 filing date. Compute:
Credit on FUTA for SUTA contributions
Peroni Company FUTA contributions
Amount lost due to late payments