Alfred Works as a Cook

question 44

Short Answer

Alfred works as a cook. The owner of the restaurant where he works is calculating Alfred's FUTA. Alfred's first quarter earnings were $3,950. By the end of the second quarter, Alfred's gross earnings were $8,200. How much FUTA will Alfred's employer pay for the second quarter earnings if the FUTA rate in that state is 2.7%, up to and including $7,000?

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Definitions:

White Knight

In a corporate context, a friendly company or individual that acquires a corporation at risk of a hostile takeover.