I Could Solve A And B Peroni Company Paid Wages Of 167600 This Year Of This Amou

/in /by

i could solve a and b. So I need to help c’s answer.

Peroni Company paid wages of $167600 this year. Of this amount, $105600 was taxable for net FUTA and SUTA purposes. The state’s contribution tax rate is 3.1% for Peroni Company. Due to cash flow problems, the company did not make any SUTA payments until after the Form 940 filing date. Compute the following; round your answers to the nearest cent.

a Amount of credit the company would receive against the FUTA tax for its SUTA contributions$5375.04

b. Amount that Peroni Company would pay to the federal government for its FUTA tax$960.96

c. Amount that the company lost because of its late payments$

 
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
ORDER NOW