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Peyton Company's payroll for the year is $737,910....

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Question

Peyton Company's payroll for the year is $737,910. Of this amount, $472,120 is for wages paid in excess of $7,000 to each individual employee. The SUTA rate in Peyton Company's state is 2.9% on the first $7,000 of each employee's earnings. Compute: A. Net FUTA tax B. Net SUTA tax C. Total unemployment taxes

 

Paper#5947 | Written in 18-Jul-2015

Price : $25
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