Garrison shops had a SUTA tax rate of 3.7%. The state's taxable limit was 8,000 of each employee's earnings. For the year, Garrison shops had FUTA taxable wages of 67,900 and SUTA taxable wage of 83,900. Compute:
A, Net FUTA tax
B, Net SUTA tax
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Garrison shops had a SUTA tax rate of 3.7%. The state's taxable limit was 8,000 of each employee's earnings. For the year, Garrison shops had FUTA taxable wages of 67,900 and SUTA taxable wage of 83,900. Compute:
A, Net FUTA tax
B, Net SUTA tax
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