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What is the FUTA Tax

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Reference no: EM132922139

Question - An employer in The U.S. Virgin Islands employs two individuals, whose taxable earnings to date (prior to the current pay period) are $5,100 and $6,900. During the current pay period, these employees earn $1,700 and $2,650, respectively. The applicable SUTA tax rate is 1.5%, and the U.S. Virgin Islands SUTA threshold is $26,500. What is the FUTA Tax?

Reference no: EM132922139

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