During the year the company was late in paying its state


Question - Leinart Company had taxable wages (SUTA and FUTA) totaling $175,000. During the year, the company was late in paying its state contributions of 3.6% and is subject to the FUTA credit reduction. Determine the amount of net FUTA tax.

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Accounting Basics: During the year the company was late in paying its state
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