Compute net futa tax, Peyton Company payroll for the year

Compute net futa tax

Reference no: EM13140840

Peyton Company payroll for the year is $737,910 of this amount, $472,120 is for wages paid in execess of $7,000 to each individual employee. The SUTA rate in Peyton company's state is $2.9% on the first $7,000 of each employee's earnings. compute

a) Net FUTA Tax

b) Net SUTA Tax

c) Total unemployment Taxes

Reference no: EM13140840

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