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What was the amount of Faruga first required deposit

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Reference no: EM133042195

Question 1 - Faruga Company had FUTA taxable payrolls for the four quarters of 2013 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 0.3%. What was the amount of Faruga's first required deposit of FUTA taxes?

Question 2 - Aaron Norman earned $24,900 for the year from Marcus Company. The company is subject to a SUTA tax of 4.7% on the first $9,900 of earnings. Determine:

(a) the employer's FUTA tax on Norman's earnings.

(b) the employer's SUTA tax on Norman's earnings.

Reference no: EM133042195

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