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