Peroni company paid wages of 170900 this year. of this, Ask an Expert

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Peroni Company paid wages of $170,900 this year. Of this amount, $114,000 was taxable for net FUTA and SUTA purposes. The state's contribution tax rate is 3.1% for Peroni Company. Due to cash flow problems, the company did not make any SUTA payments until after the Form 940 filing date. Compute the following; round your answers to the nearest cent.

a. Amount of credit the company would receive against the FUTA tax for its SUTA contributions

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M946665

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