Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages. Niemann Company has a SUTA tax rate of 7.1%. The taxable payroll for the year for FUTA and SUTA is $82,600. Round your answers to two decimal places. a. The amount of FUTA tax for the year is $fill in the blank 1. b. The amount of SUTA tax for the year is $fill in the blank 2.
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Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages.
Niemann Company has a SUTA tax rate of 7.1%. The taxable payroll for the year for FUTA and SUTA is $82,600.
Round your answers to two decimal places.
a. The amount of FUTA tax for the year is $fill in the blank 1. |
b. The amount of SUTA tax for the year is $fill in the blank 2. |
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