Question
Asked Nov 8, 2019
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Wei has four employees: Anna, Kenny, Stan, and Seth, who were paid $12,000, $5,000, $6,000, and $3,000, respectively. Assuming a full state credit, Wei’s FUTA tax-able wages for the year are:

a. $31,000

b. $21,000

c. $22,000

d. $186

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Expert Answer

Step 1

Federal unemployment tax act (FUTA): This is the act that enables the federal government to provide compensation to the unemployed people from the taxes collected from the employers, as a percentage of 6.0% on th...

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