What was the amount of faruga first required deposit

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Problem - Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages. Faruga Company had FUTA taxable payrolls for the four quarters of 2018 of $28,400; $19,600; $16,500; and $8,900, respectively. The company was located in a state that was subject to a FUTA credit reduction of 1.5%. What was the amount of Faruga's first required deposit of FUTA taxes?

Reference no: EM132969505

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