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Ivahew [28]
3 years ago
9

XYZ Software employed three different salespeople last year. Person 1

Mathematics
1 answer:
faltersainse [42]3 years ago
7 0

Answer:

Total FUTA : $669.6

Step-by-step explanation:

Given the information

  • Person 1 earned $3900 in the first quarter  
  • Person 2 earned $20100 in the first quarter  
  • Person 3 earned $6900 in the first quarter

As we know, FUTA is short for Federal Unemployment Tax Act, and the FUTA tax rate is 6.2% applied to a maximum cumulative earnings of $7,000.

So in this situation, only person 1 and 2 must pay FUTA tax because ther earning are lower than $7,000.

  • Person 1: 3900 x 6.2% = $241.8
  • Person 3: 6,900 x 6.2% = $427.8

=> Total FUTA : $669.6

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