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Illustrate what is the total amount of federal

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Reference no: EM13129311

Preston Co., which has a taxable payroll of 700,000, is subject to FUTA tax of 6.2% and a state contribution rate of 5.4%. However, because of stable employment experience, the company's state rate has been reduced to 2%. What is the total amount of federal and state unemployment tax for Preston Co.

Reference no: EM13129311

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