What is total amount of federal and state unemployment tax, Accounting Basics

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What is total amount of federal and state unemployment tax

Preston Co., which has a taxable payroll of $500,000, is subject to FUTA tax of 6.2% and a state contribution rate of 5.4%. However, because of stable employment experience, the company's state rate has been reduced to 2%. What is the total amount of federal and state unemployment tax for Preston Co.

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Accounting Basics: What is total amount of federal and state unemployment tax

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Accounting Basics: What is total amount of federal and state unemployment tax

Reference No:- TGS079789

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Recent Questions Asked Accounting Basics

Q : What was the loss on bond retirement

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is total amount of federal and state unemployment tax

Reference No:- TGS079789

Recent Questions Asked Accounting Basics

Q : What was the loss on bond retirement

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Q : What is jung''s premium expense for 2010

Q : How internal-external forces affect organization behavior

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