Compute the amount that peroni company would pay

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Question 1: Peroni Company paid wages of $164,800 this year. Of this amount, $104,900 was taxable for net FUTA and SUTA purposes. The state's contribution tax rate is 3.1% for Peroni Company. Due to cash flow problems, the company did not make any SUTA payments until after the Form 940 filing date. Compute the following;

Point a. Amount of credit the company would receive against the FUTA tax for its SUTA contributions

Point b. Amount that Peroni Company would pay to the federal government for its FUTA tax

Point c. Amount that the company lost because of its late payments

Reference no: EM132488226

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