Swifty Corporation, which has a taxable payroll of $1300000, is subject to FUTA tax of 6.2% that includes 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 Swifty Corporation? O $106600 $36400 O $150800 O $52000
Swifty Corporation, which has a taxable payroll of $1300000, is subject to FUTA tax of 6.2% that includes 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 Swifty Corporation? O $106600 $36400 O $150800 O $52000
Chapter5: Unemployment Compensation Taxes
Section: Chapter Questions
Problem 8QR: An employer, because of a favorable experience rating, is permitted to pay a state contribution at a...
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