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From the Following Data, Determine the FUTA Tax Liability for Sims

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Essay

From the following data, determine the FUTA tax liability for Sims Company for the first quarter. The FUTA tax rate is 0.6% on the first $7,000 of earnings. (Assume all quarters have 13 weeks.) From the following data, determine the FUTA tax liability for Sims Company for the first quarter. The FUTA tax rate is 0.6% on the first $7,000 of earnings. (Assume all quarters have 13 weeks.)


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