Solved: The current futa tax rate is 08 and the suta tax rate is 54, Taxation

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The current futa tax rate is 08 and the suta tax rate is 54

Problem

The current FUTA tax rate is 0.8%, and the SUTA tax rate is 5.4%. Both taxes are applied to the first $6,500 of an employee's pay. Assume that an employee earned $12,100. What is the amount of total unemployment taxes the employer must pay on this employee's wages?

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Taxation: The current futa tax rate is 08 and the suta tax rate is 54

Reference No:- TGS02578607

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Solution Preview :

Prepared by a verified Expert

Taxation: The current futa tax rate is 08 and the suta tax rate is 54

Reference No:- TGS02578607

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