Reference no: EM132783297
Question - For each of the described pay periods, determine the taxable earnings subject to FUTA tax:
1: A business employs three individuals, whose taxable earnings to date (prior to the current pay period) are $12,200, $5,250 and $3,000. During the current pay period, these employees earn $2,700, $2,070 and $1,590, respectively.
2: A business employs two individuals, whose taxable earnings to date (prior to the current pay period) are $3,000 and $31,400. During the current pay period, these employees earn $3,280 and $1,780, respectively.
3: A business employs three individuals, whose taxable earnings to date (prior to the current pay period) are $5,200, $46,700 and $500. During the current pay period, these employees earn $2,000, $1,280 and $950, respectively.
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