The current futa tax rate is 06 and the suta tax rate is 54, Financial Accounting

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The current futa tax rate is 06 and the suta tax rate is 54

The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both taxes are applied to the first $7,000 of an employee's pay. Assume that an employee earned total wages of $2,900 in the current period and had cumulative pay for prior periods of $5,800. What is the amount of unemployment taxes the employer must pay on this employee's wages for the current period?

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Financial Accounting: The current futa tax rate is 06 and the suta tax rate is 54

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Financial Accounting: The current futa tax rate is 06 and the suta tax rate is 54

Reference No:- TGS01696337

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