In 2013,Willow Corporation Had Three Employees

question 39

Multiple Choice

In 2013,Willow Corporation had three employees.Two of the employees worked full-time and earned salaries of $25,000 each.The third employee worked only part-time and earned $3,000.The employer timely paid state unemployment tax equal to 5.4 percent of each employee's wages up to $7,000.How much FUTA tax is due from Willow Corporation for 2013,after the credit for state unemployment taxes?

• A)$0
• B)$102
• C)$168
• D)$918
• E)None of the above

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Definitions:

Marginal Revenue

The supplementary income produced through the sale of one extra product or service unit.

Total Revenue

The overall earnings from sales of goods or services prior to any expense deductions.

Demand Curve

A visual chart that illustrates the connection between a product's price and the amount consumers are willing to buy.

Prices

The amount of money expected, required, or given in payment for something, reflecting the value of goods or services in monetary terms.