Roofling company paid wages of 319600 this year of this


Roofling Company paid wages of $319,600 this year. Of this amount, $193,900 was taxable for net FUTA and SUTA purposes. The state's contribution tax rate is 4.3% for Roofling 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 Roofling Company would pay to the federal government for its FUTA tax $

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

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Financial Management: Roofling company paid wages of 319600 this year of this
Reference No:- TGS01560214

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