K. Kruse Designs has the following employees:Employee Total Wages Paid David $5,000 Shannon $15,000 Don $37,500 K. Kruse Designs receives the maximum credit for state unemployment taxes. Calculate the FUTA tax that the employer owes for the year. Assume the employees are paid a regular salary throughout the year.
Fill in the blank(s) with the appropriate word(s).
$114.00
David - $5,000 × .6% = $30.00; Shannon - 7,000 × .6% = $42.00; Don - 7,000 × .6% = $42.00 = $114.00.
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