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I read your link and listed it below In the first quarter of the year, henry prieto earned $3,000 in wages and reported $2,400 in tips to his employer. Yours is referring to being a partner or owner (of an sch business ) when you are a shareholder, so look at last paragraph and link with it as you are subject to unemployment taxes and need to file a form 940

Overwatch Futa

You had one or more employees for at least some part of a day in any 20 or more different weeks in either of the past two years Use the net futa tax rate of 0.6% on the first $7,000 of taxable wages A business operating in ava, ilfuta tax rate = %q,2

A business operating in columbus, ohfuta tax rate = % q,3

A business operating in austin, tx futa tax. During the current pay period, these employees eam $940,$1,020, and $850, respectively Futa tax=$ for each of the following independent circumstances calculate the suta tax cwed by the employer Assume a suta tax rate of 3.4% and a taxable earnings threshold of \$8, 500.

For each of the following independent circumstances, calculate both the futa and suta tax owed by the employer For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation 1:an employer in statesboro, georgia, employs two individuals, whose. An employer's contribution (including an employee's contributions through a cafeteria plan) to an employee's hsa is not subject to federal income tax withholding or social security, medicare, or railroad retirement taxes (or futa tax) if it is reasonable to believe at the time of the payment that the contribution will be excludable from the employee's income

However, if it is not reasonable.

Futa is a payroll tax owed by the employee and reported annually which of the following statements is true regarding federal unemployment tax (futa) Multiple choice futa is a payroll tax owed by the business and reported annually on tax form 940. Problem information use the net futa tax rate of 0.6% on the first $7,000 of taxable wages Faruga company had futa taxable payrolls for the four quarters of $38,400

What was the amount of faruga's first required deposit of futa taxes Round your answer to two decimal places. Paid solely by employers to fund unemployment benefits Vary by state and locality, and may include income tax, unemployment tax, and other specific taxes

For more detailed information, you can refer to the following resources

Contrast fica and futa regarding the following questions.question content areaa Complete the statement below regarding the purpose of the tax.ficafutaoffers some measure of retirement security.ficafutaprovides a modest source of income in the event of loss of employment.question content areab Upon whom is the tax imposed?fica and futa are imposed on both