Calculate the amount of the credit against the FUTA tax

Assignment Help Accounting Basics
Reference no: EM132768546

Question - Assume that LMNOP, Inc. had a total annual FUTA Tax due of $5500.00, and a SUTA tax due of $ 4400. $3000 of the total SUTA tax obligation was paid late. Calculate the amount of the credit against the FUTA tax, and the net amount of FUTA Tax due. Enter your answers in numbers only without characters.

Reference no: EM132768546

Questions Cloud

What is the company wacc for cleen power co : What is the company's WACC? 9,000 6.4 percent coupon bonds outstanding, $1,000 par value, 20 years to maturity, selling for 107 percent of par
Find the net inflow to mr x : Find the Net Inflow to Mr. X. If bank agrees to take early delivery then what will be net inflow to Mr. X assuming that the prevailing prime lending rate is 18%
Calculate the price that rump industries ltd ordinary shares : Calculate the price that Rump Industries Ltd ordinary shares should be selling for in the market, assuming Rump's growth projections are accurate.
Compute what is the company cost of equity capita : If the risk-free rate is 6.1 percent and the expected return on the market is 11 percent, what is the company's cost of equity capital?
Calculate the amount of the credit against the FUTA tax : Question - Assume that LMNOP, Inc. had a total annual FUTA Tax due of $5500.00, Calculate the amount of the credit against the FUTA tax
Calculate the npv of project using foreign currency approach : Calculate the NPV of the project using foreign currency approach. ABC Ltd. is considering a project in US, which will involve an initial investment
Determine the number of units Adelphi sold : Adelphi Company reported sales of $400,000, a contribution margin of $9.00 per unit, fixed costs of $70,000, Determine the number of units Adelphi sold
Describes the pattern of interest expense for federate : Federated Fabrications leased tooling machine,Prepare an amortization schedule that describes the pattern of interest expense for Federated over the lease term.
Write a social media blog post : Your audience is your clients. Please write a social media blog post that attracts clients to bring more business to accounting firm

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd