Instruction 5-1 Use the Net FUTA Tax Rate of 0.6% on the on the First

question 63

Essay

Instruction 5-1
Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages.
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-Refer to Instruction 5-1.Ted Carman worked for Rivertide Country Club and earned $28,500 during the year.He also worked part time for Harrison Furniture Company and earned $12,400 during the year.The SUTA tax rate for Rivertide Country Club is 4.2% on the first $8,000,and the rate for Harrison Furniture Company is 5.1% on the first $8,000.Calculate the FUTA and SUTA taxes paid by the employers on Carman's earnings.
FUTA
SUTA
a.Riverside
______________
_____________
b.Harrison Furniture Company
______________
_____________
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Definitions:

Aggression

A range of behaviors intended to harm or destroy, whether physically or emotionally, directed towards others.

Antisocial Behavior

refers to actions that harm or lack consideration for the well-being of others, often violating social norms and laws.

Maliciously Gossiping

The act of spreading false or harmful information about others with the intent to damage their reputation or relationships.

Professional Boxing

Professional Boxing is a sport and occupation involving combat in which two participants throw punches at each other for a predetermined set of time in a boxing ring, adhering to specific rules and regulations.