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

question 30

Essay

Instruction 5-1
Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages.
​
-Refer to Instruction 5-1.Faruga Company had FUTA taxable payrolls for the four quarters of
2017 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 1.5%.What was the amount of Faruga's first required
deposit of FUTA taxes?

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Definitions:

Industrial Engineering

A field of study concerned with analyzing work methods and establishing time standards.

Job Design

The process of outlining how a job or a set of tasks is organized, including the tasks' nature, how they are performed, and the interactions that occur.

Job Specifications

A detailed description of the qualifications, skills, and experience required to perform a specific job.

Performance Appraisal

A regular review and evaluation of an individual's job performance and overall contribution to an organization.