The current futa tax rate is 08 and the suta tax rate is 54, Ask an Expert

Accounting

The current FUTA tax rate is 0.8%, and the SUTA tax rate is 5.4%. Both taxes are applied to the first $6,400 of an employee's pay. Assume that an employee earned total wages of $11,900. What is the amount of total unemployment taxes the employer must pay on this employee's wages?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91959033

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