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What is the net FUTA tax

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Question: Donner Company began its operations in September of the current year. During September, the company paid wages of $23,400. For the last quarter of the year, the taxable wages paid amounted to $64,700. None of the employees was paid more than $7,000 this year.

a. Is Donner Company liable for FUTA tax this year? Explain.

b. What is the net FUTA tax?

Reference no: EM132079224

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