At end of which quarter must the first futa tax be deposited

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Question: Powell's Lumber Company has two employees who are paid semimonthly. One employee earns $1,320 and the other earns $1,275 per pay period. At the end of which quarter must the first FUTA tax be deposited for the year if the company's SUTA rate is 5.4% of the first $7,000 earnings for each employee?

Reference no: EM131622745

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