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What is total amount of federal and state unemployment tax

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Question - Concord Corporation, which has a taxable payroll of $1180000, is subject to FUTA tax of 6.2% and a state contribution rate of 5.4%. However, because of stable employment experience, the company's state rate has been reduced to 2%. What is the total amount of federal and state unemployment tax for Concord Corporation?

a. $33040

b. $136880

c. $96760

d. $47200

Reference no: EM132535480

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