Peroni company paid wages of 170900 this year of this


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 $____

b. Amount that Peroni Company would pay to the federal government for its FUTA tax $ _____

c. Amount that the company lost because of its late payments $_____

Request for Solution File

Ask an Expert for Answer!!
Financial Accounting: Peroni company paid wages of 170900 this year of this
Reference No:- TGS01225474

Expected delivery within 24 Hours