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

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

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter9: Payroll, Estimated Payments, And Retirement Plans

Section: Chapter Questions

Problem 13P

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Question

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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