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Business, 03.04.2020 22:02, harleyguerrieri
Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages. Ted Carman worked for Rivertide Country Club and earned $28,500 during the year. He also worked part time for Harrison Furniture Company and earned $12,400 during the year. The SUTA tax rate for Rivertide Country Club is 4.2% on the first $8,000, and the rate for Harrison Furniture Company is 5.1% on the first $8,000. Calculate the FUTA and SUTA taxes paid by the employers on Carman's earnings.
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Answers: 1
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Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages. Ted Carman worked for Rivert...
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