What are the total futa and suta taxes for the payroll

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Reference no: EM131587136

The SUTA rate for Montego Corporation is 5.4% and its FUTA rate is 6.2% less the 5.4% SUTA credit. If its monthly payroll is $153,720 and none was for payments to employees in excess of the $7,000 wage base, what are the total FUTA and SUTA taxes for the payroll?

Reference no: EM131587136

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