Leinart company had taxable wages suta and futa totaling
Problem
Leinart Company had taxable wages (SUTA and FUTA) totaling $175,000. During the year, the company was late in paying its state contributions of 3.6% and is therefore subject to the FUTA credit reduction. Determine the amount of net FUTA tax.
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problemleinart company had taxable wages suta and futa totaling 175000 during the year the company was late in paying
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