Maeda Company has the following employees on the payroll:Employee Name MaritalStatus SemimonthlyPayroll WithholdingAllowances Amal S $4,800 1 Miguel M $5,600 2 Byron S $5,000 3 Hiroko M $6,200 4 Using the information above:a. Calculate the FUTA tax liability for 2018. Assume that Maeda Company has paid all amounts due during the year.b. If the payroll is consistent from quarter to quarter, how much would be remitted in FUTA taxes in each of the four quarters in 2018?
What will be an ideal response?
a. $7,000 × .6% = $42.00 × 4 = $168.00
b. 1st quarter = $168, quarters 2 - 4 have no liability.
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