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Roofling company paid wages

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Roofling Company paid wages of $319,600 this year. Of this amount, $193,900 was taxable for net FUTA and SUTA purposes. The state's contribution tax rate is 4.3% for Roofling Company. Due to cash flow problems, the company did not make any SUTA payments until after the Form 940 filing date. Compute:

a. Amount of credit the company would receive against the FUTA ax for its SUTA contributions . ... $________

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

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

Reference no: EM13913781

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