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What is the standard credit applied to the FUTA tax rate in non-credit reduction states?...

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Question

Accounting

What is the standard credit applied to the FUTA tax rate in non-credit reduction states?

6.0%

0.6%

5.4%

0.9%

What is he FUTA tax rate in a state that has a 0.6% credit reduction?

1.5%

4.8%

1.2%

1.8%

What would the FUTA and SUTA tax be for an employee whose year-to-date earnings prior to the current period are $12,400, who earns $1,500 during the current period, who works in a state with a credit reduction of 0.6%, and whose state imposes a SUTA tax rate of 2.5% with an associated wage base of $12,600?

FUTA - $9; SUTA $37.50

FUTA - $0; SUTA $5

FUTA - $18; SUTA $5

FUTA - $0; SUTA $6.20

FUTA tax payments must be made at the end of a quarter when the total tax owed exceeds what amount?

$7,000

$117,000

$500

$400

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